With less than 5 years of experience it's definitely a factor. If your straight Cs and B- and only have 3 years in some junior role, you're really not prio 1 interview material.
Then all my interviews (and coworkers) imply a radically different experience. Education is just one or optional lines on a resume that nobody looks at. You don't need a CS degree (or any degree at all) to be a developer.
I think it depends on your speciality . If you're something like a web dev where there's probably 100 other people applying for the same job, then it makes it easier for other CVs to be considered over yours.
Something more specialist, they might give more time to consider your application