A diploma does not create opportunities, but not having one will close doors. I know because I don't have one. If it will only take a year, get the degree if it doesn't break the bank. Otherwise, stay employed and stay relevant with current tech by getting/renewing certifications every couple of years.
Toronto
Toronto, Ontario, Canada
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What this person said, plus get it before you're old. Basically just get it over with instead of putting it off.
“Mostly stable”. Depending on what is implied by that could strongly influence my advice. Sometimes upgrading your skills while maintaining your income stream is best. It is also possible to progress upwards without ever acquiring that piece of paper. Though I agree that it can create some challenges as previous posters suggest, I have people in my circle who have been quite successful without a college or university diploma / degree. And do not discount the plethora of free training available online these days.
Sometimes
This assumes it is not always, which I disagree, unless maybe your family is rich.
short answer: yes, depending on the field you go into