The license says it can be on 2 computers at once, so I shouldn't have to deactivate it on my old computer just yet. I only want to install it on my new one for now.
Just install it and activate it using your serial number.
CS5 - http://helpx.adobe.com/creative-suite/kb/cs5-product-downloads.html
There is no special version that stands as the student version... it is the same software as any other version... the license/serial number is the only thing that is different.
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