Why doesn't Microsoft do great deals like this for high school students? Mostly I assume because it is harder to verify eligibility. That's just life. But for college students this deal is a real bargain. No wonder they call it the Ultimate Steal.
Microsoft® Office Ultimate 2007 for just $59.95. The web page has links to the same offer in local pricing in Canada, the UK, France, Italy, Spain and Germany. (Although in some countries the offer doesn't start until September 20th it is coming.)
BTW my favorite student feature in Word 2007 is the way it handles citations. Building your footnotes, end note page, or bibliography has never been easier no matter what style guide your school requires you to use. No lie!