If you are preparing to pack a kid off to college, you can get a huge break
on Office Ultimate 2007 (the Office suite that includes everything). This is normally a very expensive program, but they are offering it to students (with some conditions) at just $59.95. This normally sells for around $680, so that is a great deal. Just go to http://www.microsoft.com/student/discounts/theultimatesteal-us/default.aspx for the full information.
UPDATE: Microsoft has a special site where they offer Student Discounts on all their software. They also offer special Student Versions of some software suites.