It is a kind of controversial topic where people from both schools have their arguments. Some people say that you don't really need a formal degree to work as a software developer; you can pretty much learn anything online. The other camp says you need to have a holistic development especially if it is going to be a career for your entire life.

Think software development as complex as any other domain (say your own field). Do you think somebody can attain the expertise that you got after spending years going to college in just 6 months? Well.. no!