S.H.
if you're graduating as an RN, then it can honestly be true! We have 4 new RNs in our family. 2 graduated from a community college, 2 from university. All GPAs were comparable, all work-related experience was fairly similar. All were in St Louis.
The 2 from the community college struggled to find jobs. One of them found a hospital position within the 1st year (I think it was 9 months). The other waited 15 months & ended up taking a nursing home position.
The 2 who went thru the university fared much better...both having jobs with reputable hospitals immediately or within the first month of graduation. Actually both of them had positions before taking their boards.
I truly believe the school made all of the difference!
But one more thought: I have a friend who's the head of HR for her employer. She's said many times that she'd hire someone with an associate's degree/certification with "real-life" experience....before a newly-graduated bachelors. It makes sense!