if i were going to design one i'd consider

1. student
2. toronto (canada right? maple leaf maybe. or anything associated to toronto)
3. malaysia/singapore colors or animals/flowers associated to the countries (lions, hibiscus, tiger, flags?)

try blend everything up. hope i help spark some ideas. have fun designing

student element: maybe you can draw a shilouette(how do u spell this)/vector drawing of a dude in a convocation robe with the convo hat jumping or something

awesome link. thanks for sharing. the rejected world cup logo is rad...