I'm in the same boat as the article poster, in a similar manner.
I couldn't really afford an ivy league 4 year college, and I had to leave community college before my first year was done due to an illness in the family. A few years later I went to a local trade school, that was accredited, in the tech and IT field. I learned a good deal, even though I knew a certain amount already of what they were teaching.
They offered a Associates Degree program you could do, after you graduated, online. This was not covered in your initial tuition cost or factored into any student loans you got, so if you wanted the degree program it would come straight out of your pocket. Long story short, I couldn't afford this program, still can't.
As for certifications, I trained in what they called the C.E.T program (computer electronics technology). Not really IT (that was a different class path) but focused on hardware repair, PC repair, etc basically all the shit you need to be the local tech support in an office or "The Geek Squad". So I could get by with just the A+ and if I really wanted to look good on paper, the Net+. On the plus side, I aced the course that taught you about the A+ cert, so I got a voucher for one-free attempt at taking the test (it's like what, $150-200 normally?) Needless to say I still have the voucher. Why? Well the A+ textbook they gave us to study is a huge book, and as the professor explained not all the stuff we covered in class and other classes would be on the A+. For example we stuck with Windows 2000 mainly as the OS of learning. We never covered XP, Server, etc which were the big thing at the time (2003-2004). So I never took the test. If I failed, I'm out the one and only free voucher. If I fail and attempt it later, that's money out of my pocket. Money I don't have, at all.
So after I graduate I got six months to find a job before I gotta start paying student loans back. The school had a job placement option which was practically guaranteed. They never found me a job. I looked myself. Locally all places want a degree, or 3-5 years experience even on Entry Level jobs.
4 years later I'm still unemployed, and my student loans that were $3,500 I owed in summer of 2003, are now over $15,000 due to interest rate and non payment.
Yea if it were bad enough a normal person would break down and take a shit job at Walmart or your local McDonalds. Sadly I am not able to stand on my feet for more than an hour or so without getting extreme pain in my lower back, ankles and feet. Not just pain that makes you think "damn this is sore, but I gotta tough it out for 8 hours then go home". It's pain that is like "holy fuck, if I don't sit down in a minute I feel like my bones in my feet are going to shatter". (Let's not get into seeing a doctor, that's something for a whole other discussion).
So while I could easily work say, an office IT/tech job where I'm not on my feet for 8 hours minus a lunch break, I can't fill store shelves at Walmart, even part time, without the absolute need to sit down and rest every hour or so.
Luckily I have family to fall back on, other wise I'd be homeless, starving and not posting on /.
I knew going in, degrees matter. Sure they don't really mean squat in the "real world" but when it comes to a job, the more good stuff you have about you on paper, matters. Sadly, I just could not afford to get a degree. Couldn't pay for it out of my pocket and couldn't get any more student loans at the time (long before my dues went from 3k to 15k).
Get a degree if you can. It's a hassle, it's just a piece of paper, but that piece of paper can make the difference between you saying "So, your cd rom drive is acting up?" and "Would you like fries with that?"