Aviation is still one of those industries with people who think getting a degree is easy (and subsequently worthless!!). It's usually those that have never done it.
In most other "professional" careers a degree is regarded as a demonstration that you have commitment to stay the course and are smart enough to take the info on board and process it properly to a high standard. I would say then that your degree certainly "IS" worth the paper its written on for the majority of employers, don't let anyone tell you differently

Someone said before "what do they want pilots!! or bloody academics!!" The smart employer would always want someone who is both, not just a bus driver.
There is no substitute for the ATPL's, get your head down, get into them and then you'll end up with a degree AND ATPLS!! That will certainly put you in good standing. Best of luck with it!!