In my opinion, office 365 is stupid for students or anyone in academics. For a word processor, what more do you need other than some fonts and spell checker? Most academic computers don't have the latest version of office, so using the latest version of office causes lots of compatibility issues at school. Also, if you do presentations on powerpoint, you don't need much. Being in academia in medicine, the most important thing that you are taught about doing a presentation is that the powerpoint should only be white background/black letters with minimal color and no animations (also no more than 8 words by 8 lines per page). Unless you're a sales person that is making a powerpoint presentation with all fluff, colors, and animations without any substantial substance, Office XP is more than adequate for regular academic use. You can use dropbox or google drive for cloud. Likely for presentations, the academic computer usually doesn't have cloud anyways, so you'll need an USB flash drive.
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