You don't say what your degree is in. If it is maths/science related then this shall help you in the ATPL exams.
Your degree is a bonus in general terms, but airlines don't really care provided you have THEIR requirements, usually FrATPL/IR and HOURS.
I have recommended on this forum before that a degree is a very good thing to have as a fall-back position. Degrees open doors to jobs should things go pear-shaped. Aviation is a very strange industry and the more back-up plans you have the better. I have used mine more than once.