My own anecdotal experience working with corporate recruiters and hiring managers is that, no one really cares about education compared to experience (outside of maybe a "wow, nice" when seeing a PhD), but they are all scared to not put the typical boilerplate "Bachelors degree or related experience" line at the top of the job post. I've noticed a trend lately for more progressive companies to leave this bit out in the name of diversity, hopefully this catches enough that it just becomes the norm.

Note that I'm a software engineer who dropped out of college, so you can take what I say with a few grains of salt. :)