If you are looking for a package of free software for your starving student or starving entrepreneur, check out SoftwareFor.org.
The good people over there have compiled a fairly large collection of best-in-class free software applications. The package includes multimedia, utilities, internet, academic tools, games and productivity software that would appeal to or be useful to a student. A complete list can be found here.
There are two different packages available, one is for Mac OS X the other is for Windows. The packages are in the form of CD images that you download and burn to disk.