Each user has 5 licenses that can be installed on 5 different PCs, log in using the link and if your student email is qualified, you will be able to use the software.
enjoy!
MOD:
Appears to only work for universities who use Microsoft's services for email and skydrive.
YES - UTS*, JCU, UNSW*, UQ, UON, SWIN, FED, UWS, USYD*, UniSA, UniMelb, ACU*, Curtin Uni*, Deakin Uni LA Trobe Uni, UOW
NO - MQ, TAFE NSW-OTEN, UWA, QUT, Monash Uni
Edit: more likely to work on prep to year 12 student e-mails, but you can still try on uni e-mails.
*possibly outlook only
USYD here and it is completely crap. All it does is make a link to the microsoft online portal for outlook web access in your start menu.
Probably worth deleting.