I don't think it's a shame at all, I bought my first laptop in 2004 for iirc 2200 EUR, in my 2nd year of university. (OK, I wanted a nice laptop and not the cheapest piece of junk(.
It served me well for quite a few years, but I wasn't the starving student type, but actually working part-time as a programmer. I also wouldn't say this laptop was essential to finishing my studies, but (computer science) it was very, very handy.