This is true. My dad was very helpful in my education process. Not because of his connections, but because he knew that getting a degree was just an achievement hurdle I had to complete.
He told me that if I worked hard up front it would make my life easier later, but that it's all about setting my resume apart from the crowd. So I went out of my way to find a masters program that had a direct pipeline into industry, rather than one that was more research focused.
The connections I made at my internship enabled me to land a job right out of school.
If I had a highschool age kid right now I would be happier to see them learning a trade like electrical. Much more practical and a much faster route to self-employment. I also think jobs like that will be impossible to automate, at least for the foreseeable future.
If your job consists entirely of touching a computer or talking to people you're in danger. The university pipeline only feeds those jobs at the moment.