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I want to believe it helped me but I don't really think it did. I enrolled into a small and generally not famous university in my country which decreases your chances of employment. I worked retail and rarely went to classes, I was majoring in Computer Science. I had 0 college debt and I also got a car.
After graduating with an average GPA I thankfully got into an internship for Mobile Development thanks to a friend of mine. Since then I've learnt lots of things on the jobs and I still work as a Mobile App Dev. No one asked me about my degree or university because I can deliver fairly high quality apps.
Of course my chances of getting into FAANGs or big name companies is slim compared to people who graduated top of their class in a top university, but I'm content with where my career is currently heading.