Just be careful aswell, can't find it now but it says you can't use it for a commercial purposes, so no making money with it!
Here are the rules of use or FAQ
Do Adobe Student and Teacher Editions have restricted functionality?
Student and Teacher Editions have all the features and functionality of the commercial versions. The software may be used only on a privately owned computer, and the user may not transfer or resell ownership of the Adobe Student and Teacher Edition license.
Is there a time limit on using an Adobe Student and Teacher Edition?
Eligible users who purchase an Adobe Student and Teacher Edition receive a perpetual license that does not have a time restriction.
Can I use my Adobe Student and Teacher Edition software for commercial use?
Yes. You may purchase a Student and Teacher Edition for personal as well as commercial use.
How many copies of an Adobe Student and Teacher Edition can I purchase?
Each eligible person may purchase only one copy per Adobe Student and Teacher Edition title. For example, you may purchase only one copy of Adobe Creative Suite 5 Design Premium Student and Teacher Edition. If you buy an additional copy of Design Premium Student and Teacher Edition, no serial number will be issued for it. You may, however, buy one copy of Adobe Creative Suite 5 Design Premium and one copy of Creative Suite 5 Production Premium.
Can I use Adobe Student and Teacher Edition software on more than one computer?
Adobe Student and Teacher Edition software may be used on two computers only. This is ensured through a product activation procedure, which is performed online.
Can I upgrade my Adobe Student and Teacher Edition software?
Adobe Student and Teacher Edition software can be upgraded to a commercial version when the user is no longer a student or teacher.
Can I resell or give away my Adobe Student and Teacher Edition software?
No. Adobe Student and Teacher Edition software may not be resold or given to others for free.
Can a student or teacher continue to use Student and Teacher Edition software after graduation or upon completion of training?
Yes. After graduation or upon completion of training, an individual may continue to use Student and Teacher Edition software.
Can I use my Student and Teacher Edition software on a computer at my school or university?
No. Student and Teacher Edition software may be used on your own private computer only.