Get on that famous auction site and see if someone has a second-hand copy going. You'll be fine with anything from version 7+, not much has changed IMO.
Photoshop Elements is excellent for the price - but there are a few key features missing unfortunately.
As mentioned above - being a student gives you massive and I mean massive Adobe discounts.
You can buy the whole Adobe Suite for a really low price as a student.
Other than that the second hand route - just make sure you get is legit.
Far too many EBay'ers will sell you pirate software.
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