Keep in mind that there are two lenses through which we are looking at our topics 1) analytical 2) a persuasive, a point of view and/or personal. This post offers examples of formats and "points of view"
Project M (above) thinking applied to your term-long might look like this: "We just want to change the world." How can designers create change? How can designers make a difference? And do good? Assuming you have a topic that begs for a change to be made in behavior, thinking or making. A persuasive position. Can you find a local group or non-profit to assist, speak with, and/or generate work for?