What would the difference be? I go to a university, but am getting a degree from a college within the university. I would think that means I'll have a college/university degree - I don't see how you can get one without the other.
In Canada, a college degree (generally referred to as a "diploma") is a two year course, usually in an applied area such as graphic design or radio broadcasting. A university degree is a four year course in an academic area like philosophy or chemistry.
Probably he means American associate/two year degrees. It gets even more confusing outside of the US, where "college" often means academic high school and university is the equivalent of 4 year American college.