The Online News Association is accepting entries for the 2008 Online Journalism Awards, with a May 31 deadline. All the details are here. The sole category for student journalists is here:
11. Student Journalism
This category honors excellence in digital journalism by a student or team reporting on a single story or issue. The work must have appeared originally in a student- or school-based Web site and have been created by full-time student(s) (at the time of publication). Unpublished entries do not qualify. One award
Cost to enter varies depending on web traffic and ONA membership.
With the exception of the 2003 Arizona State Webdevil win, all of the winning student journalism projects have been completed outside student media outlets. I’ve seen some great examples of online journalism coming out of student media over the last year, so hopefully someone will represent this year.