Now, I flunked out of college, but I spent 7 years on Wall St., and 12 years with MAGMA firms. College was over 20 years ago. I made this clear up front and the recruiter told me it wasn't a problem.
The call with the CEO was two hours of "why did you get a C in Martian and Lunar Geology?" and "Why did you get an F in Intro to Viticulture and Enology?" After that I get the offer (it was all cash and about $150k more than my current role even with equity factored in). I refused and told the recruiter that it was because I was drug through the coals like that. The recruiter's response was "yeah, I know, we keep asking him not to do that."
They called every couple years asking me to reconsider. Always a new recruiter. And every time I told them exactly why I refused and asked if that policy had changed. Every time I was told it hadn't and the call ended.