This document discusses how higher education institutions can engage students through social networking and the social web. It argues that while students and faculty want to use social media, typical social networking sites are not well-suited for academic purposes due to issues like privacy, content ownership, and identity. Instead, it presents a case study of the University of Pennsylvania's LPS Commons, which uses a virtual space focused on social learning through connection, communication and collaboration. This led to increased engagement across disciplines and countries. The document concludes by offering principles for building an effective academic engagement network using social media.