For what its worth...
I posted earlier (it was deleted..) that I graduated in May and didn't feel bad about signing up because I support Amazon a great deal.
Well, after more thought, I actually cancelled my student account (and thus Prime). I then called my younger brother (who is a student and will be for two more years), had him register, and simply add me.
Now there are no worries about me having to pay for a years worth of shipping!