Listen up College Students and Graduates Students (that includes all you old guys like me who are going for their Master's degrees).
Microsoft is giving away free tools like Visual Studio 2008 and SQL Server 2005 Developer Edition! And there's more than that! Check out this link:
Even if your school isn't listed (many aren't yet), you can click their link to send an email to get these professional level tools from Microsoft. For free!
Did I mention, they are FREE!