Everyone should understand that 1) you don't borrow any more than you can reasonably expect to pay back, and 2) student loans must be paid back (no discharging through bankruptcy). The second part was clearly spelled out in the agreement.
If you can't pay back your student loans, then there are plenty of options that can buy you some time, such as getting a hardship deferment, consolidating them to pay over a 25 year period of time, seeking employment in underprivileged areas to get some loan forgiveness, etc.
If you won't even try to pay back your student loans or at least make some sort of arrangement, then you're a deadbeat, and deserve whatever negatives come your way.
For ND graduates, if you can't find a decent paying job using their excellent career placement services, then there's something wrong with you...