I like a laptop with an I5 processor. I see this CPU is dual core with .8 to 2 GH speeds as I read it on the Intel site here:
http://ark.intel.com/products/83610/Intel-Core-M-5Y10-Processor-4M-Cache-up-to-2_00-GHz
Depending on what you use it for, that might be fast enough, but I'd want to get some hands on before deciding. Also I'd check with the school to see if they have recommendations and student discount deals. I like the 240 GB SSD, but be sure 240 GB is enough. If it's not, you could probably get by with an external hard drive to supplement the laptop's storage. 1 TB externals are around $60.
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Good luck.
My budget is about $700. i was thinking about getting the Asus ux305, which I can get for $600. Is this a good laptop? Any other suggestions? Thanks!

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