Here is my take on it, I have a number of people from well known schools, same number of people from schools that nobody heard from and in some cases people from unknown schools who dropped out and started working for me when I offered them a job. I have a number of people that had no formal higher education at all and a couple of guys that didn't know much about computers before they started here.
AFAIC I care about the attitude, I care that the person can work within a team, that I can work with the person, whether they are eager to learn. This is a starting job for all of the people I hire, very few of them worked in the field before, I do not pay much but that is also part of the equation. The people that do not have student debts do not have the same problem as those with debt, they don't need to try and get a highly paid position right away and so they can afford to work with me, where they are gaining more than enough experience so that eventually they are propelled to better paying jobs.
I will say this: I have about equal number of good coders, whether they had any formal computer science training or not, but I go through many people to find good ones but it does not take much time at all to know who is who. Just in the last 2 months I interviewed about 15 people, 3 of them ended up with me, 2 are going to be excellent developers. Out of the 15, 4 decided it was too hard in the first 3 days. 2 decided that they made a mistake and shouldn't be in this field right during our meeting.
In the interview all I do is I show them what we do, how we work, ask them what they like to do and explain the structure here: you are studying here before I put you on an actual paying project. I teach you what you need to know and while I am teaching you, I am not paying you anything. Normally takes 2-3 weeks for a developer to go through training and start being productive. This is my way of doing stuff, I do not care where you studied, what you think you know, I only care to figure out if you are OK for the team and if you can learn and have the right attitude for this company.