Yes you are. But you can beat it. I didn't go to a good school. In fact I went to an awful school. But I am an engineer at good start up in the Valley and doing very well.
Open source, side projects, whatever you have to do to become an awesome programmer. As someone else mentioned, your degree, no matter good or bad is never enough.
And when you start looking for a job, don't get beat down when you don't get the first, second, third or Nth job you interview for. There are a lot of people who won't hire you because of your school. Don't let it get to you. You'll find something.
Do you have any tips for fellow attendees of awful schools?