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A CS degree obviously is not meant to give people 100% of the skills they need to work in the real world. It builds a foundation of core knowledge about the field that does not usually come from a hacker bootcamp or independent web dev study.

Having a few friends from the school of "who needs college?! I taught myself everything I need to know about coding and I'm on the cutting edge of the field and I have a great job!", I sometimes see a lack of understanding of general principles. Sure, people who really love computing often dive deep enough to learn this stuff themselves, but there are a lot of people who love development that just don't even know what they don't know about it. Most development jobs don't require this knowledge, but you'll sure miss it if you're in a position that does.