The short answer is no, LabVIEW Student Edition will not work with the regular FieldPoint driver. The LabVIEW Student Version Works with any toolkit that is purely LabVIEW VIs. If DLLs or CINs are part of a toolkit then the toolkit not compatible. The FieldPoint VI's do contain calls to DLLs and thus will not work.
However, and this option only exists if you are using FieldPoint Serial network modules, you can use the FieldPoint Optomux VI's (available at ftp://ftp.ni.com/support/fieldpoint/LVFPOpto/ ). The information on how to use these VI's is in the FP-1000/1001 Programmers Reference Manual.
Regards,
Aaron
LabVIEW Champion, CLA, CPI