Can I legally sell my older CS5 Premium Student and Teacher Edition?

Hi, this is my first time in this forum.  I am a Graphic Design student and last year bought the Adobe CS5 Premium Student and Teacher Edition as advised by professor, only to find out now that he ill advised me.  The Master Collection contains the programs that I need for my design classes and the student and teacher edition serves a significant discount but I don't know what I am to do about the $450 I spent just a year ago?  My grandfather helps me with my educational expenses and I am so dissapointed to have to tell him that my advisor was ridiculous to not just tell me to get the Master last year and then all I would have had to do was to upgrade (a cheaper solution).  Can I sell my old CS5 as long as I clearly state that is for personal use and could not be registered with Adobe because it already has? I've only used it on my Macbook Pro, no other computers.  Any suggestions?  That is alot of money in my book to just throw away.

To be even more explicit than Bob's short and correct response, you can not legally sell or in any way transfer your license for any student or academic version of any Adobe software to anyone else. We are very sorry that your professor provided poor advice to you.
          - Dov

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