This study examines the question of whether a college education meets society's expectations in today's world. Assessment programs are being used by academia to determine a college student's achievements and whether his or her performance will enable him or her to be effective in the real world. Assessment, however, is under fire by those who have different ideas about testing and about what standards to use. One popular assessment, the pre-testing and post-testing, used by some colleges has been shown to be helpful in gathering information on what students are learning. There are also several alternative assessment tests that are used by others in the academic arena. Commercially designed examinations are employed to measure general knowledge. Locally designed examinations allow for local autonomy. Portfolios promote interactive learning and a way for students to see improvement in areas where they need to improve. Theses and projects are still another form of assessment along with oral examinations. Contains 14 references. (JAG)