By applying? People almost never ask me about my education, I don't even include it on my CV anymore. If people are nitpicking education you've got a weak CV.
You're not wrong, but it's worth mentioning that employers care more earlier in your career. After a few years it's largely a non-issue, except for backwards places like banks and other large corporate environments.
Even at the entry level though, a lot of graduates can't handle the FizzBuzz test, a self taught person that can probably has a better chance in the job market.