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It has an i5, 6GB of RAM, 750GB HD, WiFi, and of course a DVD Burner. This was in all a $600 laptop. With a 2 year warranty and a slew of extras it ended up being shy of $1,000. This is a very good laptop. While it doesn't compare to my main computer that I am on now it is more than enough for any college student.
I heard 500 GB is very good but I'm interested in what you think. I'm using this pc for mostly gaming. 480GB and 512GB and popular choices for large storage SSD, if you can afford it it's nice to be able to place all your games and programs on it. It also depends on which games you play and if you have a lot of them. Some games can take up 30-40GB of storage.