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Makes no odds what jobs they have in the future. Under the student licensing agreement you agreed to when you clicked "install" you should be removing the software if you are no longer a student.
That appears to be wrong, this taken from an American university info page about MS office software.
Q. Can I keep the software after I graduate or leave NIU?
A.Subject to the license conditions stated in the agreements (such as not decompiling, etc.), the software license is permanently assigned to a currently enrolled student. After the purchase, the software license continues to reside with the student even if the student leaves NIU or graduates.
Pass the bottle. :nuts: