I agree with this. It largely depends on where you want to take your career. I don't have a CS degree from $BIG_NAME, never had to take out a loan, and am very happy with my career thus far.
If you want a top research position, yes, $BIG_NAME CS degree is almost required. If you want to work for Google, Facebook, Microsoft, etc... It helps, but certainly isn't required. If you want to work for a startup or any other company, it doesn't matter at all.
What matters is that you know your shit. $BIG_COMPANY isn't going to turn you down because you don't have a CS degree from Stanford even though you wowed them with your knowledge. All they care about is that you are you smart and gets shit done. That doesn't come from a degree, that comes from you.
If you want a top research position, yes, $BIG_NAME CS degree is almost required. If you want to work for Google, Facebook, Microsoft, etc... It helps, but certainly isn't required. If you want to work for a startup or any other company, it doesn't matter at all.
What matters is that you know your shit. $BIG_COMPANY isn't going to turn you down because you don't have a CS degree from Stanford even though you wowed them with your knowledge. All they care about is that you are you smart and gets shit done. That doesn't come from a degree, that comes from you.