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Pro 1 year of Microsoft Office 365 included
Included is 1 year of Microsoft's Office suite subscription, which includes Word, Excel, and Powerpoint as well as 1TB of cloud storage.
Once the subscription ends, it costs $100 per year (or $10/month).
Pro High build quality
For such a low price, the HP Stream is built extremely well. There is little flexing.
Pro Excellent battery life
Typically you can get 7-8 hours of battery life for light use, which should be good enough for a full day of class.
With it's small 11.6" screen, it will easily fit into any backpack or even just a binder. Carrying it to class and back will be no problem at all.
Pro Good keyboard
For a small ultra-affordable laptop, the keyboard is good. Key travel is alright, and the keys feel OK to type on.
Con Little storage
After all the system files, you're left with only 15GB of usable storage. You'll need to buy a micro SD card slot or save all your work to the cloud.