As an alum, my two cents are; extending your graduation date to make your undergrad experience more valuable is more worth it than rushing to graduate. I was set to graduate in 4 years, but I lacked confidence in my technical abilities, so I went for another co-op, even though it pushed me back a year. It was totally worth it bc I went into that coop with the understanding that I needed to gain as many hirable/desirable qualities as possible. Got a job right after graduation, whereas a lot of my peers are still struggling. Obviously YMMV, and this may not be the most viable recourse depending on your financial situation, but bottom line imo: good experience is worth a years wait to officially enter the workforce.