School is a complex system. Take it apart. Figure out how it works. Adapt the pieces to make it do something useful for you. In short, hack school. It shocks me that a site devoted to "Hacker" news hasn't guessed that school is begging to be hacked, and makes me wonder how many true hackers there actually are.
Of course one possible hack is to follow a path of least resistance and emerge after 4 years with nothing but "signaling." But it's not the only hack. Signaling in the absence of real education could be viewed as a pitfall of school, not its purpose. A dark pattern, if you will.
In another age, this message would have been expressed by elders to their children in some sort of patronizing way, such as: "What you get out of college depends on what you put into it." I've certainly told this to my kids, along with the somewhat more detailed explanation about hacking.
The coding interview is a clue. At its core is a question: "How did you hack school to your advantage?"
Can school be hack-proofed? Experience with complex systems suggests this might not be a good idea, as it can kill the good hacks along with the bad, or make even worse hacks emerge.