These days, having a degree = turning down for jobs... I turn away so many guys because they don't know what they're doing, they have a piece of paper.
BTW I'm 23, MCSE, CCIE, blah, blah, blah, went school as a Economic, Pol Science and business minor. And I'm in charge of a semi-large node WAN/LAN network between NYC, CT and Seattle WA. Crap, I don't even understand half the crap in that mcse, but I had good memorizing skills and knows NT and cisco routers well.. plus you just gotta read and try.
I understand that's hard since we can't even afford a cisco router to practice.
See most people are either LAN administrator or system administrator, very little of the group are both LAN & System. Thats were I kicked in.. using my Anandtech knowledge, I upgraded some old dell crap and save company thousands of dollar by using slockets & fc-pgas, something dell won't let you do.
It is better to have the certifications but you better have real world experience to back it up, these people can tell if you really know something or not. Unless someone is willing to take you in and train you..