[quote name='bungletrpg']OpenOffice is the best way to go, imo.[/QUOTE]
As someone who does IT work, I cannot recommend more AGAINST using OpenOffice. The number of people I've seen who have had compatibility issues, documents lost and messed up, and just generally unable to do things makes me tell everyone I meet to stay away from OpenOffice if you're a student. The schools uses Office for a reason, as it keeps everything nice and compatible between it, and they can help you if you have a problem.