No, I think you're right. One thing that leads to that, I guess, is inability to continue financing studies. That's likely far more common in the US than most places.
A lot of people just drop out for various, non-financial reasons (I'm one). Not cutting it being the big one (not me...sort of). A lot of people go to college because it's what they are "supposed to do" even though college isn't necessarily a good fit (me). Trade school or the military should be valid options, not second choices that are looked down upon by peers, counselors and parents. There should be no shame given to the HS senior that wants to get into HVAC or carpentry.
(I'm not saying you are saying that, I'm just saying that it is a common attitude)