I can’t speak directly to SWO, but I’m active duty and was recently selected for Intel WITHOUT a conferred degree by the due date. That being said, I had secure a waiver from the IWC OCM (Officer Community Manager). I sent her a letter of completion from my University stating exactly what I had remaining in my degree plan in order to have a conferred degree.
The OCM approved the waiver, however, made it clear that I would not receive a FINSEL letter nor ship date without a conferred degree. About 2 weeks later (prior to the board convening), I sent my conferred degree transcript, and was good to go! Considering how competitive INTEL is and was this cycle, I don’t believe it reflected negatively upon me.
Best of luck!