Is there a better alternative?
Yes, there are lots of alternatives. If you’re a student on a budget, you might want to consider buying the Pixelbook Go. If Windows is a must, then there’s the bulkier and heftier Asus Vivobook 15, Acer Swift 3, or even the Dell Inspiron 14,5000. If a budget Surface is a must, then the Surface Go 2 might also be a better bet, for its higher resolution display and support for Surface Pen.
How long will it last?
The Surface Laptop Go will last for a while. Its internals is up to spec, and its design and build quality are robust. You get a 60-day return policy through the Microsoft Store, and a one-year hardware warranty, plus 90 days of technical support.