I would hustle to do both, if possible.

I'd also be very careful assuming that a cyber security degree from your average college is useful at all. It might be, but could easily not be useful, compared to experience at a tech job.

I would do some serious due diligence to see what the record of that college is, in terms of actually placing their cybersecurity graduates in a job that requires that degree.

I just talked to a lady whose 20 year old son just finished a certificate program in app development at a local trade school/technical school. His next step was a job as custodian at the school where his mom was a teacher.

So, the certificate didn't do him any good. (I'm often a fan of certificates, though, at least over a full-on, expensive degree).