Spotify premium student discount should be extended to those that choose to continue their education past the four years it takes for a bachelor. many students are either in the same place financially or they are in even more debt than they were. even the smallest thing helps with saving money as a student and if we're able to save a couple of bucks a month, then it will add up for us and help us out in the long run.
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I think that this is a great idea as well, and there is currently a Live Idea in the Ideas Exchange of the Spotify Community for allowing the graduate students to be eligible for the Premium Student plan. I recommend adding your +VOTE to this Idea; the more votes an Idea gets, the likelier it is that Spotify will implement it, and you can read more about how feedback on Ideas reaches Spotify here.
Let me know if you have any questions, and have a good day!