And that's both inefficient as we're not sending our best students to our best schools; and bad for social mobility as it makes it harder for those born poor-but-smart to improve their lot in life.
I'm not sure which of the above is a better predictor of success in college or after.
It begs the question of if colleges should be selecting for general Intelligence over hard works.
On the other hand, removal of the SAT will probably put an even greater emphasis on school grades, which certainly correlates better with effort than general intelligence.
Colleges should be building a model to determine who will derive the highest value from their education. Good inputs to this model include test scores measuring general scholastic abilities, actual performance during high school, notable achievements outside school, and the general background in which they made these accomplishments.
AKA, a lot like they're doing now. I don't think the testing portion of it should be eliminated.
I don't know about the SAT specifically, but in my country we also have standardized admission tests and, from my appreciation, it's good at measuring 2 things:
1. General Intelligence.
2. How well you prepared for the test.
Sure, (2) may be an undesirable artifact but I think that intelligence is a good way --if not the best-- to select people for college.