My experience is a bit different as I'm a foreigner and I didn't go to college in the US. I have a graphic design degree, and it wasn't that relevant until I started to work in Tech. I worked at Apple, Facebook, Airbnb, and having a diploma from a "good" college matters, especially if you don't have a strong portfolio. But, if your portfolio is impressive, you can go anywhere you want, it doesn't matter your degree or where you come from.
If I were a student today, knowing what I know, I would probably focus on development. Places like Google love to hire someone that can design and also code. They prefer a developer with an "okay" design skills than an excellent designer that can't code. I think that's where the industry is going, but development is not that easy to learn, and if you don't work hard, you won't get anywhere.
That said, what do you want to do? I work in the industry for 15+ years, and I know just a few people that can do both really well (you will learn that soon). If you love to design, focus on that, and design studios or places like Apple would love to have you. The industry changes fast too, when I went to college I never thought that I would work for a tech company (most people I know went to advertising when I graduated) and now the industry is completely different. Good luck!