I'm roughly 2 years into my CS degree, which basically means I've just completely all of the mandatory prerequisite courses. At this point, I can write software in multiple languages, across multiple platforms. I've taught myself everything I've needed to know about Software Engineering, and if it didn't feel so mandatory to get a job then I would drop out of school right now.
Fortunately, I do have a full scholarship, so I'm not going in debt. But I still dont know if this is even worth 2 more years of my time.
Given that you have a scholarship, you'd be unwise not to snag the credential.
Also, it does not need to be a waste of time. Don't do the bare minimums. Push yourself. Take the hardest relevant classes you can find. Dig deep into any topics that interest you.
Finally, focus very hard on getting internships. In a grim market, you will be needing both the resume entries and the job leads that those can provide.