Currently studying.
I feel like degrees are quite valuable. It is basically the university vouching for you and that they think you are qualified within an area. This is quite valuable.
Through work, I have seen some horrible shit in production, therefore i think it makes good sense for a company to ask for some "minimum requirements" which can be verified by an institution like a university. Not saying that all who graduates are good programmers, they just have the minimum required knowledge and skill that the university demands in order to vouch for them.

I believe that on average the "average bad programmer" from a university will be better than "average bad programmer" without degree.

Plus, if you have a decent education system in your country, you shouldn't have to pay for you degree.