He most certainly does! Dr. Phil McGraw earned a Doctorate degree in psychology from the University of North Texas
In addition, he went to University of North Texas for his PhD, a 4th tier college, which means it has the lowest ranking. His Ph.d thesis was on rheumatoid arthritis. His license was suspended and revoked for having a sexual relationship with a teenage client. He was ordered to take ethics classes, but never finished them. He currently does not hold a license to practice anywhere.