It is the most stressful fucking shit if you are not one of the A listers in your class, and depending on your professors they may or may not be nice enough to hook you with up a connection post graduation or play favorites with you.
My senior film was pretty successful and well liked but the faculty was awful and didn't really help anyone, and if they did they kept it secretive. At the day of our show I found out last minute there was a cash prize for best film presented, and it was only found out when the winner was chosen. It was some low ball shit and made the whole thing feel like a contest after that.
My advice; don't let her go to college unless she feels she can really handle it, and if she can, tell her to find internships and obsess over finding a job before graduation.
Youre going to be waist high in debt, so once you get the degree you need to fucking go all out or deal with working shitty day jobs until the debt is paid off.