The benefits include: FREE 2-day shipping on textbooks (and most other items) and you can upgrade to one day shipping for only $3.99 (per item) and there is no minimum order size! Regular Amazon Prime benefits cost nearly $80 a year so this is a great deal. If you are already an Amazon Prime member you can sign up for Amazon Student and Amazon will refund you the remaining months left on your Amazon Prime membership. One difference to note is that if you use Amazon Prime to share with other household members you will NOT be able to share the Amazon Prime benefits of Amazon Student.
Also, if you don't want to be bothered with the hassle of selling and shipping old textbooks yourself, you can turn them in to Amazon and they will give you a gift card for whatever they determine to be the value. You won't get as much this way as if you sold your books yourself (usually only a fraction of the used market price), but you don't have to deal with all the hassle.
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