Only available for qualifying higher education students and staff.
EDIT: Apparently some unis offer it for free! Not mine :(
EDIT2: As pointed out by mediumsliced, you can actually get the 4 year subscription even cheaper, assuming local stock:
http://www.staticice.com.au/cgi-bin/search.cgi?q=Microsoft+o…
BUT if you don't qualify…
Office 365 Home Edition with 1TB of OneDrive storage for up to 5 users, per user:
http://office.microsoft.com/en-au/office365home/
$9.92/month with annual subscription ($119/year) or $12/month with monthly subscription ($144/year)
-Install Office on up to 5 PCs or Macs, and 5 tablets
-1 TB of extra online storage per user, up to 5 users (5TB total)
-60 Skype world minutes of calling per month to 60+ countries.
How do they verify if someone qualify. Just via uni email? I don't want to buy and end up can't activate it