The student pilot was returning to his home airport at the conclusion of a local practice flight. After entering the traffic pattern, the pilot attempted to align the airplane with the runway while compensating for the crosswind. Just before touchdown, he elected to abort the landing, but after increasing engine power and retracting the flaps, the airplane began to drift off the left side of the runway and porpoise. The airplane eventually struck the ground and the right main landing gear collapsed, resulting in substantial damage to the right wing and firewall. The pilot reported that there were no mechanical malfunctions or failures of the airplane that would have precluded normal operation.