Back in my student days, we had the opportunity to access code for on-going University projects (some of them anyway) or to actively enroll in those projects in any capacity we could provide. A few years later when I became a Teaching Fellow the school set a program in place where undergrad students had to "certificate" themselves in at least two "roles" (like Tester, Developer, Architect an such) before graduating.
That being said. Even in my country (our educational system focuses a lot on what we call "professional practice") it is rare for CS or IT students to get their hands on legacy projects that they can use to learn from their peers.
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