As you have asked about the student satellites of the Indian Space Research Organisation (ISRO), I am giving you information about it, check below for the details

ISRO has influenced educational institutions by its activities like making satellites for communication, remote sensing and astronomy.
Capable Universities and institution can venture into space technology on-orbit with guidance and support from ISRO in following ways.

Development of Payload (by Universities/Institutions)

Under this, payload is developed by the Universities or Institutions and launched with ISROs satellite missions
After launch ISRO will acquire payload data and distribute it to Universities/ institutions further processing and analysis.

Satellite Design & Fabrication by Universities/Institutions
Under this,Universities have to design, fabricate, test the satellite Bus & Payload and deliver the integrated spacecraft for launch

List of Student Satellites:

SRMSat
Jugnu
YOUTHSAT
STUDSAT
ANUSAT