Which SharePoint Service Should I use?

Hi Everyone,
I'm currently in a school organization that's in need of a collaboration tool.  I've personally used SharePoint as a collaboration tool at my internship and I thought for it to be a great tool our organization could use for team collaboration and file
sharing.
My first instinct was to use SharePoint 365 and purchase 40 accounts for our members at 4$ a month per user.  Unfortunately I was unable to get the funds for our organization.
I did some further research and came across SharePoint Services 3.0, a free SharePoint environment running on Microsoft Server.  I am also able to get a free copy of Microsoft Server through my school.  I'm currently researching the installation
process and etc...  Its taking a lot longer then I thought...
So my question, Is it viable for me to try to create a SharePoint site for aprox 40 users who will have different permissions and be able to access SharePoint area from their own personal computers. 
Any advice will be greatly appreciated.
Thanks in advance!

HI,wss 3.0 is very old version.You can use the Foundation version of Sharepoint 2013.you can get most of the features that your looking for.In the below URL you can see detailed installation also.
http://expertsharepoint.blogspot.de/2013/11/detailed-sharepoint2013-installation-i.html
Anil Avula[MCP,MCSE,MCSA,MCTS,MCITP,MCSM] See Me At: http://expertsharepoint.blogspot.de/

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