Can i use my child registered ps to create work for selling purposes

Hi,
I am planning to purchase a copy of "Adobe Creative Suite 6 Design & Web Premium" under student plan using my child's identity.
My plan is to use it teach my child PS and also for me to create images for both competition and commercial purposes on my personal website.
The question is, am I allowed to do that?
If not what are my options?
Thank you.
I wish to solve this before doing any legal purchases.

The question is, am I allowed to do that?
Yes.
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