Absolutely take the time to reach out to current students, alumni, and faculty members affiliated with the grad programs of consideration. Your grad school experience will very much be influenced by the people you are surrounded by during your education and the culture of the program. Hearing from other's experiences and talking to current students is one of the best ways to find the right fit for you.
Pursue research that you truly believe has the potential to improve life. Knowing you are working toward something more than just a degree can help you find the drive to make it through the difficult or dry aspects of your time in graduate studies.
Your time in graduate studies will provide many opportunities, but don't lose touch with yourself. Take the time to do what you need to in order to maintain your sense of purpose and direction, then live out of that. Don't be afraid to try new things, but remember that no one can do everything. Be selective.
I would encourage all prospective graduate students to research their program of interest and speak directly to faculty prior to applying as this can ensure that your research goals align with your prospective advisor/program of choice.
There are so many ways to pursue your passions and interests. I'd recommend that prospective grad students be certain that they are ready for the rigour and commitment required by graduate studies. Be open to new ideas, critiques, and other ways of seeing the world. Learn from your peers, students, university staff, and the wider community, in addition to your professors. Be generous with others and build community. Don't forget where you come from.
TAKE initiative. REACH out. LEAD boldly. This program affords you opportunities and connections that you will not receive anywhere else and if you take advantage of these you will become “that” person. “That” person who helped you, “that” person who was proud of you, and “that” person who you wanted to be.
Although I think most prospective grad students have been told about the importance of picking a study/project that interests you, I think it's also really important to take some time to see how you interact with your supervisor and lab. These will be the people you work the closest with for the next several years, and help provide support to you in some of your toughest moments.
My first piece advice to prospective grad students would be to find a lab or an advisor that you mesh well with and are excited about working with. If you are on the same page and feel comfortable from the start, it makes all the difference. After that, trust yourself and your abilities! You are capable of more than you think.