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Exchange is the server side of a collaborative application product that is part of the Microsoft Server infrastructure. Exchange's major features include email, calendaring, contacts and tasks, support for mobile and web-based access to information, and support for data storage.
TRUSTED BY
http://www.gfi.com/products-and-solutions/email-and-messaging-solutions/gfi-mailessentials
http://www.trendmicro.com/us/small-business/hosted-email-security/index.html
http://technet.microsoft.com/en-us/forefront/ee708281.aspx
https://www.barracuda.com/
http://www.cisco.com/web/about/ac49/ac0/ac1/ac259/ironport.html
You can check with the school they might already have forefront online protection available with their license
You need to disable any open relay on the server to prevent outbound spams
http://alanhardisty.wordpress.com/2010/07/12/how-to-close-an-open-relay-in-exchange-2007-2010/