OOh, I love that Burberry Tote. Great for the chic and rich(!) student.
Practically speaking the Timbuk2 totes are just the best. Under $100. You choose your colors and they will last forever.
I have an all black, medium sized, and it comes with both 2 handles and one long strap, I think it is absolutely perfection.
Gap also has a nice looking tote this season under $100.
Cheers and Happy Studying!