Requirement for officers to have university degree: When switching from NCM to Officer, one may be able to do it without a university degree. There is a program called 'Commissioning From Ranks' wherein a Sgt or above (or an outstanding MCpl) can become an officer, but I don't know the details.
Adaminc, I can't tell you what'll happen to you, but this is what happened to me:
After graduating, I worked at the nearby Air Force detachment for a few months, got a posting message, and am working with vehicle comms systems in an army unit. I didn't do any formal military course before coming here.