Those products are called Office 365 Home Premium and Office 365 University, respectively. There's also a version for students that costs $80, is good for four years but is limited to two devices. There's a version that's good for up to five devices (Macs or PCs), aimed at family. To get a version that lets you work offline on your PC as well as in the cloud, you'll need to pay. The free versions only work in a browser when you are connected to the Internet.ģ. The apps work well and have a lot of functionality like realtime collaboration, where multiple people can type in the same document at once. There are a few things to know about this not-really-new product from Microsoft.ġ. Microsoft today announced 'Office Online' which can be reached by a new address, .ĭespite the new name and website, this is the same free, online version of Microsoft Office that the company has been offering for years, but with a few improvements.