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You can install the CC on as many computers you want but can activate it only two times on the same or different computer.
You might want to take a look at this for information about using Creative Cloud on more than one computer:
and, this link will help with the commercial question:
"\Student and Teacher Edition products can be used commercially on your privately owned computer. They may not be resold."
Regarding renewal :
When your student plan comes up for renewal, if you are no longer a student, your subscription will renew at the standard price (which is currently $49.99/month).
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You can see answers to other frequently asked Creative Cloud questions here: