Yes, you can use it for commercial use. From Adobe's Q&A page for student and teacher editons:
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.
Is this the same for all adobe student & teacher editions of software? Just curious.