I don't want to convert to DNG files. I have have Lightroom 4 and Photoshop CS 5, neither of which will open my raw files from my new Canon 70d. Trying to decide between buying the education version of Lightroom 5 with update to 5.3 if that will do the trick or joining the creative cloud for $9.99/month. Would appreciate accurate advice. Thanks.
You need Lightroom 5.2 or later. The educational version should work fine.