I had a conversation with my dad about the purpose of university when I wasn't really learning anything I couldn't learn myself, and I was saddled with courses I have long since forgotten. He told me that yes, times have changed and you can learn a lot more online now than you ever could in school. But he also said that a university degree proves you can commit to something for an extended period of time, and endure its highs and lows. He told me it builds character and helps teach you how to socialize with people.

Nowadays in a hiring position, I don't care too much about the degree, but I do look more for commitment to something. The interview is an indicator of socialization as well and the deciding factor of wanting to work with someone.