Microsoft announced today on their blog that they are now offering Office 365 FREE for students and teachers as a digital download along with 1TB of OneDrive storage. The deal is only valid at qualifying schools and validated with their .edu email address.
Link to registration to see if you have a valid .edu address
From the Microsoft blog:
Here’s what qualified students will receive:
The latest versions of Microsoft Word, Excel, PowerPoint, OneNote, Outlook, Access and Publisher
Installation on up to five PCs or Macs, and Office apps on other mobile devices including Windows tablets and iPad
1 Terabyte of OneDrive cloud storage