The Adobe Design Achievement Awards, created to honor great new student work, are now accepting entries.

The loot on tap is not too shabby: Individual category winners in each of 12 categories receive $3,000 cash, a winner’s certificate, round-trip airfare to New York City and two nights’ stay; tours of professional studios; and a copy of the Master Collection (BYO forklift on that one ;-)).  Plenty of other prizes are up for grabs, too.  You need to be a full-time student to enter, and the work has to be fresh (done after May 1 this year).  Submissions will be accepted online through May 2, 2008.

See the FAQ for more info, and also check out the 2007 winners. [Via]