The awesome news is that Office365 for Education is FREE!!!
This product ncludes Exchange Online, Lync Online, SharePoint Online and Office Web Apps. The Office 365 Exchange Online component is basically the same as Live@edu’s Outlook Live, so transferring from one to the other should be fairly straightforward.

This makes things easier for Universities to provide access to their students and provides them with a major benefit in the provision of course material.

Go check out this article for more information:

http://www.microsoft.com/en-us/news/features/2012/jun12/06-27Office365.aspx?mtag=soc_tw