Universities do not place upper age restrictions on their students (there are very few exceptions, but the only one I've heard of is graduate medicine where some courses like you to be under a certain age so you can serve the NHS for long enough!). Therefore there is no valid reason why a society should do this when assigning student memberships.
You can demonstrate your student status formally, and it is unfair of the society to discrimate against age. I don't know for sure, but I would be very VERY surprised if, in this day and age, you wouldn't have a case.