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I agree the best defense is a good offense. Romney should be hammering everything and anything about Obama. It is not just Romney. McCain was “in the bag” also. They all know the truth but can’t bring it up. No guts! No glory!
Since Romney has not been a Congressman or Senator, I don’t think he needs to hide this. He should do exactly what you say and MORE. Obama said he recently paid his college loans. I don’t have a link but I doubt he repaid any loans. His house is not in his name. Is he declaring property taxes and interest for a property that he doesn’t own? That would be tax fraud. He has provided the more recent returns.
I would love to see some old records(ie.. work at Baskin Robbins) where he used a different SS# than the one he currently uses.
Last thought, for now, I graduated college in 81. There were about 5,000 people enrolled. I could not believe that someone would become POTUS and no one remembers him. My frat has a reunion this weekend. First since I graduated. I still keep in touch with many people and hear about births, deaths, weddings, etc... the school puts out these notices on a quarterly basis. I assume most schools do that. Where are Obama’s?

Just playing devil's advocate here. I commuted to college on the subway every day. I was friendly with a few people but did not make any life long friends as I had to work 40 hours a week and take a subway 2 hours a day. I kept in touch with a few friends after graduating but after five or six years I had lost just about all touch. I wasn't a loner in school, just busy with not a lot of time for socializing. With the exception of a couple of linked-in or facebook friends from school, I doubt many people or teachers would remember me. I am about the same age as Obama which means all of my professors are retired with a lot of them probably dead now.

There was a newspaper article that had an interview with Obama’s roommate and another that interviewed one of his classmates and teacher. Columbia also wrote news articles touting him as an alumnus when Obama was elected U.S. Senator and President.

What you will find in his transcripts from Columbia that he was probably an average student not worthy of admittance to Harvard Law. Big deal. JFK had lousy grades at Harvard and was accepted to Standford law. John Kerry had lousy grades at Yale was accepted to B.C. law.

All in all I really don't care what someones grades were at age 19. I certainly did not have anything close to 4.0 in college and it hasn't limited my career or graduate school choice.