Assuming you are talking about the North American Adobe Educational license, commercial use is permitted with respect to the former Adobe products, but not the former Macromedia products. Unfortunately, the merger has caused a disastrous revision to the knowledgebase, which provides no useful information. Here is what I was able to find.
A general page regarding educational versions of Adobe products would lead one to believe that commercial use is completely unrestricted. (As we see below, this does not appear to be entirely true.) The following Q&A are taken from the Adobe Education Purchasing FAQ <
http://www.adobe.com/education/purchasing/faq.html>:
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Student question
"I’m very interested in buying the Education version of Adobe Creative Suite, but first I want to know if the software can be used to produce work for paying customers once I am working in the industry, or do I have to buy a different version of Creative Suite once I’m working in the industry?
Answer
Good news! You can use Adobe Education software (any title!) to produce commercial/professional paid-for work when you leave school, or even while you are in school. In this regard, Adobe does not limit how student software is used. So students can use it to learn and to make money!
(Of course, students must agree to the terms of the End User Licensing Agreement which appears during installation just as every software customer must do.)
Student question
What happens after I graduate? If a new version comes out that I want to buy, do I have to buy the full new retail version or can I save money and just buy the retail upgrade?
Answer
You are able to continue to use your Education version serial number when you leave school to upgrade to future commercially priced versions if you want to, rather than having to buy the next full version. So you save money now while you are a student, and also after you graduate!
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Also, the EULA for all of the CS2 products <
http://www.adobe.com/products/eulas/pdfs/Gen_WWCombinedCS2.p df> does not place any restriction on education version purchasers, other than that they are qualified at the time of entering into the agreement. See ¶ 14.6.
This is apparently not the case for Macromedia branded products. The EULA for these products <
http://www.adobe.com/products/eula/tools/> provides, at ¶ 3(f) as follows: "Education Versions may not be used for, or distributed to any party for, any commercial purpose."
This distinction is also made at the Adobe Education Store North America <
http://store1.adobe.com/cfusion/store/html/index.cfm?event=d isplayEduConditions&store=OLS-EDU&NR=0> web site, which states:
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What are the restrictions in using education versions of Adobe products?
A customer may only purchase one copy of any product. Education versions of Former Macromedia products only (Studio 8, Dreamweaver, Flash, etc.) are intended for instructional and administrative purposes only and may not be used for any commercial purpose.
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