Actually, I'm in favor of abolishing college and university level algebra requirements, provided there is still a mathematics requirement for graduation.
By and large "college algebra" (by which is meant high school algebra taught at a college or university) is the least edifying mathematics course one could require students pursuing a bachelors (or associates) degree to take, and is useful only if their majors will actually require them to do algebraic calculations. It would be far better to have a mathematics requirement that can be fulfilled by taking a course in computer programming (in which one actually learns to write code to a level that implements interesting algorithms), a course in symbolic logic, a course in plane geometry (the old way with compass and straight-edge constructions and proofs), a calculus course, or a "math for poets" course that introduces interesting uses and applications of mathematics intended to engage the interests of people who don't need calculation beyond basic arithmetic in their major. (There is a whiz-bang version of this last taught not for poets but for artists at the School of the Chicago Art Institute by Eugenia Cheng using her wonderful book How to Bake Pi as a text -- though personally, I prefer the original title it was published under in the UK, Cakes, Custard and Category Theory.)
Full disclosure: I'm a professor of mathematics at a large midwestern state university.