The Tulane MakerSpace uses Ultimaker 2 and Lulzbot TAZ-5 3d printers with a heated bed to allow for both ABS and PLA printer filament. ABS filament allows for better finishing effects (such as smoothing), but PLA provides a more rigid part and has has much better adherence to the print bed. There are other advantages and disadvantages to both. Cost is the same (currently ~$18 per kg).
The standard slicing software favored for these printers is Cura, which allows you to arrange and size your model and set options for the printer to follow. Use the Lulzbot version of Cura for both machines https://www.lulzbot.com/cura
Recommended settings - Dual Extruder Taz
PLA: 9/28/2015 Clay reports that settings of .... with 3mm PLA and 3mm PVA worked well
Recommended settings - Single Extruder Taz
PLA: ABS: HIPS:
Recommended settings - Ultimaker 2
PLA: ABS: HIPS