If you for example do some open source projects between 15 and 18 and then get a job after finishing high school.. by the time the other person graduates college you will already have 4 years of experience and be a mid level/senior developer.. so you have a start of 4 years in terms of money as well as experience
We only look at college degrees for people without experience... for people that have experience, we don't care about the college sine it is all outdated stuff anyway... the interview will tell us what we want to know