Would you say this laptop is decent then?
I haven't even looked at the specs yet. The biggest price factor that you're dealing with here is the fact that you're choosing a laptop over a desktop.
You mentioned that you were thinking of using it for school, which is the only thing that you mentioned which requires portability. Keep in mind that laptops are almost always more expensive pre-built than their desktop equivalents. The hardware in that laptop also takes additional power (the electrical kind) meaning your battery life will be very poor.
I'd say before you start worrying about memory, graphics, etc, consider whether you like portability over a cheaper and/or better desktop.