Speculative work not new in portfolios
Call it student work, call it speculative design -- Using real companies for projects is encouraged or required in portfolio courses. When I first hired designers in the 1980s I saw strong school projects in otherwise near-empty portfolios. You can bet American sees its ID redesigned by job candidates every week. As a hiring manager, it's far better to see this than a portfolio of big-name agency work in which the designer (as an intern) had little or no involvement. At least Anna doesn't have to worry about another designer presenting the same work as their own.