Depends on where you live.
If the jobs vacancy require degree, pretty sure university degree is important.
If you live in a country who choose experience over degree and other theory thing, university degree isn't important anymore.
Many people that I met usually say this to me "the most important thing of school is you can make friends and relationship, they will help you in the future". So, I think university is important for the social benefit than the thing you learn since you can learn in work.
The first line makes a lot of sense, it all depends on the country where you live...if you reside in a third world country like Nigeria it's important that you rely on skills more than the degree you have because going to school and graduating doesn't guarantee that you are going to get a job in that field of study... It's not the same the same in a lot of western countries where there are always job opportunities lined up