AppleCare’s time frame has been extended by one year on purchases made from the institutional store, according to a tip reported by AppleInsider.
It used to be that AppleCare+ was a two-year extension of the warranty, but now it’s showing in the educational store as a three-year extension for the same US $99 price.
Keep in mind this is for institutional purchasing, or buying in bulk for classrooms full of students. This isn't the education store used to make personal purchases with an educational discount.