╠ Do Grades Matter? ╣

Zac Martin made a post a while ago back when everyone elses grades were released about failing a law subject and whether that had any effect on anything. Well today Melbourne Uni finally got their results and I managed to get no better than a pass for my market research class. In fact I got 3 passes and one H2B in one class I hated. I seem to have a habit of flunking the classes I love.

So my question is does this stuff actually matter? I spend all of my spare time volunteering for the Melbourne Anime Festival, working or doing stuff for this blog as opposed to studying. This seems to reflect in my scores.

Can I argue this or is there simply a level of low scoring that means people will stop looking at you? Should I actually really aim for doing as much outside uni as possible or actually aim to do well in my classes ^^;