Jobs that require real knowledge and skill need workers who have made a start at that in college. They then continue to build their knowlege base and skills via OJT. This has not changed.
Employers know the value of degrees from colleges. Certain colleges have certain degrees which are pretty worthless. Getting these degrees from these colleges is a waste of time and money.
Devaluing the SATs just means that colleges have to consider other factors - grades, jobs held in high school, the written essay, etc. The fact is that not getting into the most competitive colleges means jack s**t in terms of earnings.
So there are three classes of students who will have parents trying to take advantage of this "disabled category".
(1) Students who really are disabled.
(2) Students who's parents want them to go to the "best" schools".
(3) Students so lame that they can't get into college at all unless they use this advantage.
So what happens? Students in category (3) will flunk out of college - or get a degree in social "science", or journalism, or education, or some other ratbag degree from a 5th tier school. The fact that they used this "advantage" threatens no one.
Students in category (2) will be the lying, slimey weasals that fill corporate politics everywhere. Nothing new here.
Students in category (1) will be in the same boat that they are in now.