STUDENT LIFE

A free website builder will allow you to become familiar with WYSIWYG editors plus it'll allow you to start making some money online before investing in a full featured website builder such as FrontPage or Dreamweaver.

I've included a download of a free website builder that will allow you to build your own custom web pages without the upfront costs. The developer of the software only requires that it be for personal use. If you intend to use it at your business purposes they require that you purchase an inexpensive license for only $29.95. Otherwise the software will never expire.
Advantages Of Free Web Hosting
Really the only advantage that I can think of is the fact that it's free. This may be important when you're starting your first website on a limited budget but it may cause you to lose sales because of advertising on each page or the fact that you don't have a true domain name.

As I mentioned, you can find affordable web hosting for as little as $3.95 per month and have a professional look to it without the advertising plus full access to whatever type of features that you'd like to add.