On the other side, my best friend graduated from HS with a 4.2 on a 4.0 scale, had college classes in HS. Could have tested out of Calc and Chem his freshman year, but chose not to. Got straight A's through his first two years, ended up graduating with a 3.9 GPA at a good engineering school.
Oh, and he got the highest $$ job offer of all the seniors that year!