The X PRIZE Cup web site has provided some high level information about various student contests planned for the event, but not a lot of information was available about the competition for the older students. I was just trying to find more about that a couple days ago since the web site shell was there. Now, RLV News posts a PR item from the foundation about the competition, which is for new space concepts that help Personal Spaceflight.
Pete Conrad Spirit of Innovation award for students
Checking the X PRIZE Cup site, the competition site is all fleshed out now, too.
Other student competitions that will be held at the X PRIZE Cup