I'm not American so I may have missed something, but isn't this a huge departure from established procedures which everyone was relying on?
I was lucky enough to grow up and go to university in another country. The magnitude of the financial decisions I was making at the time were < 1k and I remembered how much money that felt like.
IMHO blaming people for 100k bad financial decisions made under duress just as they entered adulthood is victim blaming.
Especially when the implied social contract broke down--i.e low wages, horrific increases in the cost of living, limited opportunities.
It's pretty common to find people that regret taking the loans to go to school and got little value from their education.