The DigitalOcean Student Developer Program offers students free access to top-notch development tools, including hosting credit and special accounts for GitHub, Atom, NameCheap, Sendgrid, and other companies. The program aims to provide a hands-on, professional experience that allows students to learn by doing, while also giving back to the developer community. As part of this initiative, DigitalOcean is providing $100 in hosting credit per student who signs up for the program, with some limitations on promo codes. The goal is to support students' education and make developers' lives better by creating a sense of community.