Well the Compaq Presario V5000 Z has a great price and all the features that a student would need.
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I would say minibook. It's light and easy to carry around. No need the DVD player. Make sure you get a bigger hard drive and more memory.
Dell is the cheapest brand of laptop for students. They offer many deals that other brands do not, and because of this they are a very good choice for a student who is on a budget.
There are many cheap laptops which can be good for students. The best places to look for cheap laptops would be to visit the online stores of OverStock and Amazon.