>I'd be truly curious to know if there are any MechE programs where a fresh graduate would have ever heard the term "feeds & speeds".

Germany has dual degrees where you both learn a trade and get a degree. If you are doing this for Mechanical Engineering you definitely will learn this.

Degree programs also have required internships and there are definitely courses which you can take during your degree. I would be surprised if there weren't a majority of mech eng graduates who would know the basics of milling.