Lots of buzz over the fact that Palin went to six colleges in six years. Does this matter? No. Sounds like someone who, like lots of young people, didn't know what she wanted to do or where she wanted to do it. She probably also felt isolated and lonely, since all but one of the colleges were far, far away from home, friends, and family. I would also guess there's a fair probability that she was suspended from at least one of these schools since this type of behavior isn't exactly a recipe for academic success.
But again, who cares? She was a young women from a very small town far away from home and on her own for the first time. Cut her some slack. Her record as an elected official and her stands on the issues are what really matter.