Awesome. Now you can actually feel like a savant. As far as Fortify School enchantments go, the best sets you can make will fortify two Schools 100%, or four Schools 50%, as each individual item can fortify two Schools 25% each. This Diadem fortifies all five schools 15%, basically doing the work of one and a half pieces of custom-enchanted equipment. It's actually more useful than the Mage's Circlet, even.
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3+40 = 43, for those who don't understand basic arithmetic
Saarthal amulet adds 3% cost reduction to all spell schools