You can check to see if they do, but when I did it, even though i was a student, they didnt ask for an id or school email. I think they just want more students to use their software so that theyll buy it when they are in the industry, like I will do in a few years.
It should have similar ones to blender, like blinn, lambert, etc. For any real rendering, youd want to use the built in Mental Ray render engine, and its materials. and theres plenty of tutorials on it