I have both and find myself using the flex head version more. I would recommend whichever ratchet gives you the most bang for your student discount. There was a thread last month about the two foot 1/2 drive locking flex head being on sale to students for less than $100. That would be a deal to pounce on.

On a different note, make sure before your cash and student discount are gone that you have a good 1/2 drive impact wrench, 3/8 air ratchet and enough impact sockets to at least take wheels off. If you have the cash, buy a set of matco 3/8 drive metric impact swivel sockets with your discount.
Lastly, search old posts, there have been many threads about how best to spend your student discount. Stick to the basics, think what you need to perform entry level skills, and good luck.
