Student copies of 2010 are heavily discounted over here and I'd expoect the same there.
You only have to show them school/college id or email
Better still, get yourself hooked up with a charity We buy Office 2010 for £8 a seat, thanks to Bill's benevolence. Win7 for £6
Office 2010 is worth it for two things ... they've improved the common look and feel but mosit of all finally the files are small !!!
But look out for the new cloud office offerings on Live. Not convinced but we'll see
EDIT: Ah, maybe only the PC versions come with Bill's charity discounts