I don't even have a college degree and I'm a software developer. It's been a stumbling point in a couple of interviews, but some interviewers have never even asked about my education level and are just concerned about what I can do. My first gig only paid $20/hr (and I didn't haggle at all) but the experience I got has allowed me to move on to higher rates/salaries.

For me the important thing was to network with people in the industry.