This is a professional tool. Seriously professional! Hollywood! They obviously want you to sign up for the paid version but the free version has so may tools and features, most students will be fine with this.
Click here for the free signup
"Not ready to commit? No problem - head to 'Downloads' and enjoy the free version of Lightworks for the OS you need. Create and Pro (with all the bells and whistles) and even TotalFX will be there when you’re ready. See how they all compare here."
Used on these and many, many more!