This comes at, I think, a critical point for me. In short, I spent four years at a community college (completing my associate degree in CS and exhausting almost all the courses I found interesting i.e. Mysticism, Writing Short Fiction, etc), and now in the fall I'm planning to attend San Francisco State University for CS. A few old high school friends, who attend Berkeley (one just graduated and is starting work in finance in SF in the summer, the other is a junior studying for med school), tell me I ought to stay another year at community college and apply to better, top-tier schools in the fall. Their argument? While college, as you mentioned, has become just a pursuit for "paper credentials for a specialized position you want", they insist that the school you graduate from plays a crucial role and there is numerous benefits which out-do the benefits of attending a low-tier school. So here's a cliche question: What do you think I should do? It seems the obvious answer, given what you said and what other commenters have said, is just finish the degree, it doesn't matter what school you attend. I suppose I'm just trying to get a bit of perspective. If it helps any, here's a brief background: first-generation student, immigrant from Mexico, parents combined make roughly 31k in a house of 6 (I have three sisters), and we live in California.
Truthfully, I would just like to get my degree already and start hacking away (also: helping my parents financially, etc). I obviously do hack away now, but courses and part-time work usually take up most of my time, that I can't give attention to all the interesting and fascinating things out there to learn, build, etc, i.e. I have a spreadsheet of links to new technologies, blog posts, etc, that I would like to learn and build stuff with. So here's my plan: hack away this summer -> attend school in the fall -> study, work part-time, etc -> summer internship -> study, work part-time, etc, -> graduate -> summer internship -> entry-level job somewhere hopefully.