So one can pay $700 a year to Adobe or pay 1-2 month of student rent for that year. I'd say Adobe is pushing hard for piracy trying to get blood from a stone (students).
$50/month is the full price for the most complete bundle. Adobe has a student price at a lower rate that I can't be bothered to look up just as you couldn't be bother to look up before making your comment.
And even the 50$ - that's about the price of getting wasted once a month which most students can afford. The key difference between CS and CC is that you don't have to up-front hundreds/thousands of dollars.