Where's modesty gone these days ?
At 27, she's old enough to have seen cycles of ups-and-downs - when the internet bubble burst, she was 19, at the 9/11 attacks and market crash afterwards she was 21, and we're a full ten months into the current semiapocalyptic disaster.
Post-Internet-bubble, it took three years for the IT job market to recover. In 2001, 80 pages of a certain german 220-page IT magazine had job ads - a year later, it was two (!) out of 180 pages (and no, that wasn't all due to every employer suddenly going online-only).
IT jobs have, between October'08 and about May'09, scarce as a real nugget in a stream full of fool's gold. That's two or three nuggets now, but the bonanza isn't in sight.
Has she lived with her head stuck fast in the sand for the last 18 months ?
Three months looking ? That's the time you spend looking during boom times - because that's what it takes to do due diligence to sift through ads, write down own plans & ideas, ponder the necessities of life and, not the least, write targeted, specific applications. A Winword template letter "I'm G3 (great greedy grad) and just what you need" will, at best, end up as a humorous note on some HR department's whiteboard.
If the college really was stupid enough to have their ads / contracts worded in such a way that they were, in the eyes of the law, a post-graduation employment guarantee, then I feel sorry for them. As far as the girl goes, hope her future sees her rotting away as Z-grade celebrity touring B-set talkshows ranting publicly about how unfair it is that not everyone has happiness piled over them effortlessly.
IT- Intelligence Tanked ...