I don't know why everyone loves Audacity so much. Editing with it is destructive - add an effect and it automatically re-renders it rather than just filtering the audio with the effect like a professional DAW would (Digital Audio Workstation).
I understand that you're a student, but there are other platforms out there that will cause you less stress and give you better results for a minimal cost.
Don't stop reading at the word "cost".
REAPER has a 60 day "unlimited" and free trial period. You can use it fully for 60 days before you have to buy it, including all its great plugins such as "ReaFir" which can act as a noise reduction plugin! *hint hint*.
It's a much better option since REAPER is NON-destructive, it works by, metaphorically speaking, filtering the audio rather than replacing it. This means you have a much more flexible work-flow.
http://reaper.fm
- Install 32 or 64 bit REAPER (the one appropriate for your OS)
- Open REAPER and set up your input/output
- Import your audio (just drag and drop!)
- Click on the grey FX button on the left of the new audio track and tyoe "ReaFir" in the FX search box. Double click to open it.
You now have an "FX chain" starting with ReaFir.
- Select the following settings:
Points: Precise
Mode: Subtract
FFT Size: 8192 (just to get you started)
Check "Automatically build noise profile"
Now find a part of your audio with no speach, just background noise. You need at least 3 seconds worth, more is better.
Hit Play (space bar does it). Let it analyse your audio for a bit then hit space again to stop. Uncheck "Automatically build noise profile".
TADAA
Now to fine-tune it you need to work with EQ (seach for "ReaEQ" and open it below ReaFir in the FX chain) and the FFT size - 8000, 4000, 16000... Find the one that works for you, for me it varies.
This will not give you "professional" results, but it will be better than something full of noise and hum.