I sympathize with you TyPie. I have a very bad attitude about what passes for a university degree versus what it should be. I even wrote to the Maryland Department of Labor, Licensing and Regulation several years ago when this issue was being considered, telling them that as a licensed professional engineer, I do not see what value comes from insisting on a degree. In my personal experience, working with both formally and informally educated PE certificate holders, any differences I noticed were actually in favor of the ones without a formal education.
There were ways that, if you worked with a licensed engineer for a certain number of years, that eventually, you could qualify to sit for the principles and practices (P&P/the actual exam for the PE certification) exam due to basic apprenticeship without even needing to take the Fundamentals of Engineering (FE/Engineer in Training) test. No longer.
I have known far too many fools who somehow managed to get a degree. If the degree had any real value, such people would not be able to earn one. And yet, they do.
If it makes you feel any better, note that while I did round-out my learning while studying in college, I already knew most of what they "taught" me from my own personal interests in ham radio, electrical work, and other studies I did on the side. The problem is proving it to someone who doesn't know you or trust you. I knew I needed that fancy certificate. Yes, it was signed by people I had never met who proclaimed that I knew what I already knew. And for some silly reason, we as a society tend to believe in the value of the paper rather than the performance of the individual.
This has been a rant of mine for as long as I've been in my engineering career. Nothing much has changed. We continue to perpetuate and to reinforce such ideas because it is documentation candy for bureaucracies. And as we all know, you must feed the bureaucracies or they will make a meal of you. There is no avoiding it. You have to play their game or find another place to live where their influence is limited.