Complete and utter nonsense.
Take a minute - just for your own benefit - to remember that life isn't black and white, nor is it that simple. Just because you've built up a simplistic view to massage your own ego or concrete your ideal does not mean that it is so. People can and often do fall short of expectation and ability; it's not because they're thick but because that's life. Just as you cannot help where or to whom you were born, individuals cannot help the circumstance which life deals them. Please think before you spout off such idiocy in future, because it doesn't matter if you assert it as truth, it simply isn't.
Massage my own ego? What are you talking about? I have done the exact same thing as him went to university , dropped out and wasted money. When did i ever say that my post is FACT and not mealy my opinion on the matter. I stated about that he could be trying to massage his ego by not putting the effort in as this has been documented reason by scientists but i also put " or university life isn't for you " as a alternative reason for his actions.
Someone can put in all the study they need, but if they're from a poorer demographic and struggle more than their middle-class friend who doesn't have to work unsocialble hours to make ends meet, they're going to be at a disadvantage. Just because arbitary boundaries such as grades exist, it does not give value to, or define any individual, nor by consequence serve as justification for their [lack-of] intelligence.
What does this have to do with putting in the effort? Working as well as studying will impact the amount of time he can dedicate to his studies but this does not effect his effort. He could have little time to study but when he does he could put in 100% effort and still do well. This is not about failing as there is nothing wrong with failing at something but failing when having the ability but lack of effort i think is silly. As for coming from a poor family you would think that would provide a stimulus to improve his circumstances.
Also, simply because a student may not use money as a motivational variable (good on them I say), it does not mean by association that they are "bad with money". It simply means that they're another human being with different motivators and desires.
I'm not saying that money is the be all and end all. Choosing a less paid job because it interests you more then the alternatives are fine . Choosing family or love over money is fine. However When you have paid for something for the sole purpose of obtaining a degree at the end of a costly university course but do not put in the effort required to pass said course is not financially sound , it is a waste of money. This is the equivalent of buying a car for the sole purpose for making journeys but never using it because you couldn't be bothered. He has gained nothing but lost money.