NO one cares about IQ, and it really doesn't equate to getting a degree or a degree with honors because you are being judged by your deeds.
IQ is like potential energy, and Deeds are like kinetic energy.
College is academia, and unless you are going to teach, there is a lot more to learn in life outside Academia.
There Common Sense is needed to bind with IQ to move you forward through life. It also helps if you can get lucky as well.
In my high school, the two smartest people wound up with hs avg less than a GPA pt apart. The achievement was remarkable, but the two were totally different. The one that was in my classes was brilliant and he didn't have to work at it. It came natural for him. He excelled in everything he did. Music, Art, Math, English, Science, Sports etc.
The other student had to really work at his achievements. He spent all of his time studying.
My point is that if you didn't know them, just their records you would probably think they had IQs close to each other.
My final point is that you can graduate school even with an average IQ, and even with honors.