We've currently setup a trial of the Office 365 for Edu, and so far it's working quite nicely with the few user accounts we've setup over the half term.
As we're unlikely to do a complete e-mail migration until the summer holidays, so is it possible to verify our current .sch.uk domain with 365 without it affecting our current e-mail hosting.
I know that accounts would still be associated with the onmicrosoft.com domain that we originally created, and that's fine until the migration. When we get to that point it's possible that we will new a new .org address to match the rebranded website although I prefer the long winded .sch.uk
If you do not want to migrate your accounts over to Office 365 until the summer, and wish to proceed with setting up Office365 before hand without affecting your existing OnPremise Deployment then you are able to go ahead with the domain validation, this will allow you to create your accounts and assign the relevant name. As long as you do not change the MX Records / A Records for Mail Flow and Client Access which is something you would do later on after the domain verification then you will be fine to have this in place until the summer holidays.
So, You can quite happily go ahead with setting up Office 365 and do as you please within that tenancy, just DO NOT change your Mail-Flow / Client Access and you won't notice any difference.
If you have a new .org domain then you could verify this domain in office 365 also, and then you could change the MX Records / A Records on this domain before September if it doesn't currently handle any email accounts and then this was you can test Mail Flow within Office 365 before you migrate your accounts over.
See the attached for some handy information regarding the Migration Phase for future reference: Migrate Phase - Office 365 Deployment
I hope that helps,
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