I would like to know, does this version includes the augmented reality extension? I mean, will I be able to print my model and see it through my phone?
I think that basic functionality (5 models for 6 months) is available for free in any license. During model publishing user has to login to PTC ... here the problem can arise for student account (I guess ...).
Yes, Creo 4.0 Student edition will allow you to publish your 3D models in AR experiences. You will be granted a ThingMark (target that you will need to print) and on this ThingMark you will be able to publish your own 3D content. The limit for experiences in 5 per user, so you will have only 5 experiences published (when you will publish the 6th model the 1st will be replaced and so on). So you can publish as many experiences you like, but only the last 5 published will be available.