All higher education seems to encounter the same problem in different ways, that the degree is not itself a preparation for the profession. Medical students have a residency which gives them a pre-defined way to turn their medical knowledge gleaned from years of medical school into practical experience. In that they have a luxury (though any current resident would beg to differ with their 80+ hour work weeks). Other professions have no built-in way of turning academic education into everyday practicality. Frankly, I don't see how they could without some kind of unprecedented employment/training pipeline, a la residency.
That does not nullify the purpose of formal education. There instead needs to be a social correction on college and beyond, noting first of all that a degree does not guarantee gainful employment. It is up to the student to recognize the need for practical experience (internships, part-time jobs), connections within their industry, referrals, etc. These requirements are perhaps more important than the academic substance of the education, depending on the field of study. The need to "juggle" is omnipresent in the business world, and should be in the schools that seek to educate future professionals.