As an employer, I only wish that were true. I find myself far more amazed by people who self-educated than people who put themselves through college and received crushing debts in return.
Remember, information and education aren't restricted to formal education environments.
I am back in School for a BA, I didn't want to get it I am just passed 50 last month. I have earned 100k+ at a lot of companies since the 90's. but without a degree you can't get passed the HR clowns. If a company wants to get good people they should not let HR have any connection with who can be hired. You need HR but its better for after the hire process not before. They are incompetent at telling what is and isn't a good fit.