I've hired dozens of programmers and never once looked at what college they went to or if they went to college (or where they live, just what time zone they're in).
In web/app coding, all that matters is what you've done in the last 1-4 years. Anything beyond that is too dated to be relevant.
It's been a highly successful recruiting practice. There are so many brilliant self taught developers that would get overlooked if I only looked at college graduates.