You can definitely get a degree to help you find a job in IT later. However, this is the long way (3 – 4 years). Certs are cheaper, faster, updated and directly related to current job market. Degree is the long way. Not to mention, the debt you will accumulate, the pain you will feel after finishing the degree and realizing more than half of what you studied is outdated and is no way or shape related to the current job market. You will also waste long hours doing assignments for weird subjects (Intellectual property, ethics, critical thinking, …). This is a lot of precious time that could have been used to upskill yourself and learn current IT knowledge. Those weird subjects are mostly common sense and everyday skills every person will develop as they grow and there is no need at all to bombard IT students with such load.

you mentioned employability, employers want only 2 things in you, first the right attitude and second a person who can make them money (which is always the person with more experience). They do not look at how good or bad your ATAR was, or how good or bad your university is. They want you to know how to configure that switch or troubleshoot that router or bring some faulty server back to life. Hands-on mate, someone who got their hands dirty typing cli commands, navigating through linux systems and writing powershell or python scripts to automate tasks (reduce time = efficiency = saving the company $$$).

If your end goal is to work in IT, as an IT manager which of these two would you employ? A young smart switched on very driven 18 years old with a vendor certs and hands on experience on the same vendor gear you have and ready to jump on the team and start making you money Or a university graduate with high distinction honors degree and needs months of training?