How can we struggle against student loans?

Hey all - pardon the long absence, but things here have been rather intense. The housing establishment in Rhode Island, my employer included, have been busy selling us down the river, but that's another post...

A few weeks ago the Providence Journal ran a front page article on student loans and how students are getting reamed by the rising costs of higher education. Apparently the average cost of a private, 4 year college is now $34,132 (which is 3K less than what I was paying my first year of college, good times). And the number of students both public and private who are going into debt to afford higher education continues to grow. And with a deep recession in full swing, defaults on student loans are skyrocketing.

I believe a natural way to resist student debt is on the student side - fighting for lower and frozen tuition rates as well as more financial aid for students. Many chapters of Students for a Democratic Society have been at the forefront of demanding tuition-related changes (among other things) as part of the Student Power for Accessible Education Campaign.

But as the demands of the SPfAE campaign state, just like SDS itself, this isn't just about people currently in school. Goal #3 is debt cancellation for ALL student loans. Yet as far as I am aware there has been little collective struggle by college graduate to push for mass debt cancellation or for anything else student debt-related. This is a huge struggle, but a necessary one. We also have the opportunity to create radical change in the world! Student debt organizing seems a lot like foreclosure organizing:
-A LOT of people are affected by student debt. Not just students, but families of students as well
-There isn't a lot of sympathy for the bad guys in this situation - banks and lenders are getting massive bailouts with our money
-The problems affecting people are very serious, with a big impact on status of living. A huge student debt burden can make even renting impossible and take a big part of someone's paycheck
-The government is doing very little to solve the problem!

Of course, there are challenges as well. For example, much like the banks and lenders foreclosing on homes, student loan holders can be hard to target. While some people get loans from groups like Bank of America or Wells Fargo, there are companies like Nelnet working specifically in student loans that have few or no local offices. While there are many people dealing with the burden of student debt, they tend to be more scattered than people in the same neighborhood losing their homes while, like those struggling with foreclosure, they are dealing with a variety of different institutions. And unlike foreclosure resistance, the consequences for direct resistance (in this case, nonpayment) has the potential for more serious consequences than simply not moving from a home. Finally, there is a serious stigma against debtors in this country. Unlike the credit card crisis, student loans are not held by as many people in the US and as a result the tendency to "blame the victim" appears to be stronger.

So, how can we move forward on this? This is a work in progress, so I'm trying to think more about it. Thoughts?