For a fundraiser, we planned on making some heart and flower shaped cookies on a stick for Valentines Day. They won't be any bigger than the palm of my hand and we plan on using the sugar cookie and sugar cookie icing recipe that Cookie Crazie lists on her blog. They won't be fancy (We are obviously nowhere close to being pros!) and will be sold on a small college campus. How much would you sell them for? We're not worried about compensation for time, so it would just need to cover ingredients and raise a profit. We were thinking somewhere from $1-2 each.

I'd go $2. I've sold simply iced flower cookies in cellophane bags (no stick) for $2 a piece at a church fundraiser, and I ran out within 1/2 hour!

College students will probably pay $2-3 just to have something that's not from a package! I think $2 is quite reasonable, and most folks will pay more when it's a fundraiser for a good cause...just make sure you figure your cost of ingredients before pricing.
Good luck!