Go one step further with your theme.
Yes, you're getting a theatre degree and all that.
Most of the other graduates are also getting degrees that prepare them for not-much. [And if they have a degree in something that makes them automatically job-ready (Computer Science for instance), well you can get the same kind of education from a technical school.]
But you'll be happy.
Find the upside. Celebrate the irony.
Who wants to watch an hour of someone who considers themself a loser right out of the starting gate?
"Some People ain't me..."
Lena Horne gave a legendary show in about 81-82 that ran for 14 months and made her into a Capital L Legend. Early in the evening she sang a song that she was known for. It was a beautifully done "Stormy Weather'. Later in Act II she introduced a song by saying to the effect that she had heard this song years before but it took her a long time to find the song's meaning. With that she launched into "Stormy Weather" again, and she was singing about men, but also every hurt she had ever had for any reason and every piece of racism that had come her way and every career disappointment. This was all sub-text. She didn't mention it. She didn't have to. Because it was true. Electrifying.
Go for it.
Start with "Some People" or something. End with it. Can you find a learning curve difference? This is just a shot in the dark example.
An act has to have shape. Why does this song follow that song? You can get away with "because-it-shows-my-range/what-a-pretty-voice-I-have" once. other than that build, shape, dig deeper, go to those places even your friends don't know about.
Fearless.
And listen dammit, we want a full report. Hit, miss, whatever, we don't care. We want you to fly.
Deal?
"If my life weren't funny, it would just be true. And that would be unacceptable."
--Carrie Fisher