So I taught Typography last fall, and for a semester-long project, I had the four-credit students work out a font on the FontShop site, www.fontstruct.com. (If you haven't made it over there yet, it's a great site where you can create your own working typefaces.) One of the student's typefaces was even chosen as a "Featured Download."
Here are links to a few of the final products. I'm very proud...
Kimothy by Kim Franczak
Bloc by Lara Heinz
Hot Mess by Jon Stefaniak
Brickyard by Corey Perkins
Leave them a comment, and let them know what you think!