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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.
To optimize the performance of Excel on a 32-bit computer it is recommended that the computer have at least 3 GB of RAM. 64-bit Excel does not have a 2 GB limit. For more information, see the Large Data Sets and 64-bit Excel section in Excel 2010 Performance: Performance and Limit Improvements.