Distribution for student feature films?

Not a producer so take this with a grain of salt, but...

One fantastic place to look to for distribution (other than obviously festival circuits and film markets) is your local film office. I met with the DC film commissioner last week and his answer to "What is the most under-utilised resource for filmmakers in this area?" was "distribution through the film office". If you shot your movie in a certain state, that state will want to brag about your film being shot their and bring in more productions and thus more capital, so this is their incentive to help you. Again, maybe the fact that no one shoots in DC is why he said this, but I feel like many film commissioners will have the same answer.

Also, if you filmed it at a university with other students, possibly approach them about helping you find distribution. They'll have the same incentives to help you as a film office would.

"Lets say it was recorded with an Entry-Level DSLR and Zero-Budget, but it has a "pretty good" script, produced with love and care by crew and actors."

Also, this means nothing. What it was shot on is irrelevant. Equipment choices should be made to push the story so if its a story made to be filmed on an entry level DSLR, then that would actually be a benefit. People will often list things that they think are "limitations" but my advice when working on a limited/non-existent budget is to try and use your limitations as advantages. Like, sure you could only get 3 lights. But now thats preproduction and production time saved, as well as a genny you don't need to rent.

I don't think anyone has figured out a good way to distribute a no-budget film with no-name actors. Only filmmakers will care about what equipment you used or how you built your sets cheaply. Festivals might work but you might also loose hundreds of dollars on rejections. A festival also doesn't mean distribution. Online self-distribution with lots of promotion might be a good way to go if you identify your target audience. Renting theaters to show to local audiences worked for my movie Space Trucker Bruce. I sold a ton of DVDs in the lobby after the showings which surprised me. The local Alaskan audience has been more receptive to my movie than the lower 48. Createspace also puts your movie on amazon for not much money which has worked good for me.

If you want to target eyeballs rather than dollars, what about making your own BitTorrent version and uploading it to all the file-sharing sites? -- both those for legal content (like Mininova) and pirated (The Pirate Bay).

Some options you could do is submitting your film to a film festival such as SXSW or Sundance. If you plan to get your film in theaters you could contact some independent theater chains to see if they will screen your folm or submit your film to be a part of AMC Independent and distribute it that way or finally you could release it through a VOD service like Vimeo-On-Demand which would probably be the cheapest option to go. hope I was able to help.