Having worked with degree educated "Engineers" and seen their practical capability, I wouldn't give some of them house room let alone give them certification rights. You can't legally certify aircraft if you haven't worked on them and most of these graduates wouldn't get within 100 yards of one if they had their choice.
If you remove certification rights from us "non degree technicians/engineers who is going to do it. Certainly not the graduate ones. If they had the approvals, their recency will be totally out of date. The airline industry would immediately grind very fast to a complete halt.