It may be half term & you are off duty, but I hope the subject you teach isn't English!

I wouldn't go too cheap with the sensors, the lower quality ones have really poor quality plastic bodies that just snap off, making them a lot harder to get out.
Great as GSF are... from my experience their unknown or non branded stuff does tend to be not that great
-I would stick to known brand.
The advice about swapping the rear sensors over to see if the fault follows the sensor is really good for diagnosing if the ABS ecu is broken.
Where the wheel sensors connect to the ECU the solder goes dry and cracks at the circuit board. it is possible to re-solder these terminals, but getting to them involves opening the case and this is a right pita to do without destroying it.
If the ECU is broken I would suggest sending it to BBA Remen, iirc they will fix it for £150 and it will come back to you with a lifetime warranty.
I don't think it has been mentioned that apart from people breaking the warning bulbs deliberately to hide the fault, the other thing bad owners do is just ignore the light and the bulb just burns out, the majority of Mk3 I find in scap yards the bulbs are burnt out.
lastly, the warning light will not re-set its self, the fault has to be cleared.
Good luck, I hope its just the sensors.