IBM Think Pad T40 (1.3 GHz Pentium M, 40GB hard drive, 512 MB RAM DVD/CDRW drive)
I pay $600 a semester for it through my school. So I end up paying 2400 for it and get to keep it when I graduate. (I had one fresh and soph year which I turned in beginning of this my junior year for this new one, new every two

)
Got it from my school (Bentley College)
I love except I already had to replace the hard drive...but thats why I pay 600 a semester for it, replaced and back in my hands 3 hours later thanks to the technicians that will fix anything on my computer for free)
oh the $600 is technically a "technology fee" so its paying for all the fancy T3 lines and wireless all over the campus as well