Qualifications are hard. I just graduated, and now that I'm a CEO I can tell you there's no way I'd hire someone just because they have my degree. At RPI (my school), there are at least as many completely worthless developers as there are diamonds, and they all have one degree.
I don't trust qualifications alone.
College qualifications or any real qualifications are being dismissed by more and more people but the vacuum that has been left is being filled with crap like 15+ rounds of interviews and/or 12 hour interviews.
The hiring process is currently broken. I think the only fix is to have proper, trusted qualifications (again?).