Meanwhile I’ve been a professional software engineer for 9 years now with no college degree.
In tech, it pretty much is a scam, or at best a classist gatekeeping requirement that anybody interested in getting real work done will ignore or handwave away. At least till you get up to the level of having “publish x number of papers per year” as part of the job requirements.
I would say that in most cases a person’s commitment to continuous education is more important than what they went to school a decade+ ago. There have been plenty of SWEs that I’ve run into with relevant degrees that never bothered to study since getting their degree and most of them were mediocre at best.