Microsoft has just announced Microsoft DreamSpark. This is a program that allows students of high schools and accredited universities to download, for free, a number of Microsoft development tools. This includes Microsoft Visual Studio 2008 Professional Edition, Microsoft Expression Studio and Windows Server 2003.Free Microsoft development tools for students
The program is currently limited to the United States, the United Kingdom, Canada, China, Germany, France, Finland, Spain, Sweden, Switzerland and Belgium, and does require your school to verify your enrollment. However, Microsoft has signaled the intention to add additional regions to this list.