The Microsoft Office 365 for Education cloud applications and services vary by college but always include Outlook, online Microsoft Office and the downloadable Microsoft Office 365 ProPlus suite of Microsoft Office applications.
The license remains active until you leave the University, at which point it will be in read-only mode and you will be prompted to pay a license fee to Microsoft or stop using Microsoft Office 365 for Education. The City University of New York provides Microsoft Office 365 for Education to students at participating colleges via the Microsoft Office in Education program.