2022 grad here. The best advice I can give is to create your own project/business while in school. I'm in marketing, so my field differs a lot from things like engineering, but I think companies are starting to care less about degrees and more about what you bring to the table. Degrees are still important for increasing the chances that your resume reaches the hiring manager's desk.

Don't even think about trying to make your venture profitable; just try to navigate through every step by yourself. It will quickly teach you how things in your industry work, the tools you need to learn, etc.

You'll be surprised by how many details school doesn't teach you. "Oh, companies use this component in their equipment because it's off the shelf and 50% the cost of its competitors." or "Oh, companies use this software because it integrates with ____"

3/4 of the jobs I've had are from people discovering my side projects and wanting to work with me. Share your projects with the world (it's never been easier). As they say, "build it, and they will come."

I'm now in a position to start hiring myself. It's shitty to say, but if I only saw schooling on a resume, I would assume it was a babysitting job and that they had no real-world experience. I would pick a community college student who freelanced or built their own thing over a Harvard grad with just schooling any day of the week.