Why not give out free food with a business's message on it? For example, you could give out free bottled water on a hot day with the company's message on it. Or you can give out free Pringle chips with the company's label. Each individual food item would be around 10-20 cents with the company's label somewhere on the packaging. That means that to target 5,000 college students would cost $500-$1000, depending on the food. By giving food away for free, I don't think you'd have to worry about police giving you trouble because you're not selling anything.
A full page ad in my school newspaper costs around $600. The school says that's it's circulation is 14,000 but I would guess that around 8,000 people actually pick it up. Even fewer take the time to look at a full page ad amongst all the other ads.
Furthermore, when giving food away for free you can say something like, FREE bottled water, courtesy of PNC. That, is much more personal and welcoming than an ad in the school newspaper. You can also have double promotions on the same food item. One company can be on the label and one can have a message saying something like "throw me away at Chuck's Restaurant" to get a free burger.





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