It might (or might not) be a good deal, but it's sleazy advertising.

I spot-checked four of these phone prices against Sprint's regular (unsubsidized) prices, and the "Student Activated" prices were all $50 higher. To avoid sleaziness, the Student Activated prices would have to be the same as, or lower than, Sprint's Regular Prices. Especially since the word "Student" almost uniformly suggests a lower-than-typical price -- never an inflated price.