I definitely agree with getting a Class 1. It is expensive but far cheaper than enrolling in classes etc and then finding out you have a disqualifying condition. (I saw it happen).
If the price puts a prospective pilot off, then wait until you see the price of an instrument rating or type rating... And try to keep them current!
A candidate can look up the requirements for the class 1 online (go to official sites only) and then ask your doctor, optician and audiologist how your numbers compare.
As for the degree thing? They are expensive (although free in some countries) and in reality, unless you have experience in the field, then a degree can be more of a hindrance. Parents like them but unless it's a Masters or higher, generally no one cares. You can do what I did and get a couple while working.
Good luck.