This will be a standard college term paper, compliant with the Chicago Manual of Style guidelines for formatting and documenting papers. You can write on any topic that is relevant to the New Testament. You may, for example:
• Research books, chapters and verses of the New Testament that have become foundational in various denominations of contemporary Christianity (for instance, which passages do Seventh Day Adventists, Lutherans, etc. believe set them apart from other groups?)
• Research historical aspects of the New Testament. When was the Gospel of Luke likely written? Which of the epistles of Paul were authentically written by Paul, and which were more likely written by his followers?
• Research contemporary social and ethical issues, and the extent to which the New Testament has informed public opinion on them.