Captain, I'm in the same boat frequently. I'm in Grad School and amazingly the quality of written information is not as bad as that which undergrads provide, but its still piss poor. I feel for ya, dude, hang in there till graduation and you can wash your hands of the lazy, for the most part.
Profs think these experiences are real life, but they're far from it. The lazy drag everyone down.
Now, if you could fire people, that would be awesome.