going to college tells your future employer one important thing - you went somewhere, for four long years, and you stuck it out and got your papers. this trait alone tells a lot about an individual. I think that is really the crux of it.

technically if we have two people, went to same school, same degree same classes, same grades in every class all the way through. last semester one of the two took one different class and was 1 credit short of graduating and then left school and never got her/his paper. one of these two individuals is setup to have a prosperous career while the other is “unemployable” even though of course academically-speaking they are one and the same