The fact is that we live in a time when you don't need a degree to get a job, and you don't need a job to do the work.
In our business, a degree has pretty much been meaningless all along.
I got hired for my first radio job (a Saturday late-afternoon/evening shift) two months before I started my senior year of high school, back in 1973, a small FM in my home market that had only been on the air for about a year at that time. I kept that shift all through that year and then pursued a degree in Communication Arts at Loyola Marymount University, which was only an hour away from home ... so I kept that Saturday shift during the lone semester I attended there before realizing that they wanted to teach me television and film and I felt more comfortable with my two weekly shows on KXLU. So I left.
As soon as I told the owner of the station I had been working that shift at for close to 18 months at that point, he hired me full-time. I stayed there for another 2½ years (and got my First Phone during that time) before an opportunity to move up to a larger FM station in the market which was about to change hands and become the sister station to a 50kW top-40 flamethrower. Alas, only about six months into the new ownership the entire former FM staff was released.
Fortunately, a small AM/FM simulcast, owned by a husband and wife, had noticed me and asked my original boss if he thought I had any programming skills (they were in bad shape, running an automated MOR format after the demise of NIS) and, to make a long story short, I got my first PD gig only five years after I had started working that Saturday shift two stations previous.
We went full-AC -- a couple of years
before that became a popular format -- and went from not showing in the Arbitrons to #5 in 12+ the first book.
I've never looked back, and I am still in radio, and still a programmer. Never regretted dropping out of LMU.