CS4 Student Edition - Can my daughter use this for commercial use after she has finished her studies?

I have searched all day, having phoned 6 different numbers and researched everywhere to not get a definate answer to this question. We are in the UK, I do not want to spend money on software which she cannot legally use after her studies to produce work which she can sell commercially. Some forum answers are relevant for North America only or are a little out of date refering to Education Licenses. Please help!! One person said they embed a watermark to prevent commercial use but is this an education copy or a student edition?

Within limits, yes, but as you stated you are in the UK, I don't think it is "allowed". Refer to this link: http://www.adobe.com/education/students/studentedition/faq.html
I'll copy the text for sake of ease.
Do the Student Editions have restricted functionality?
Adobe Student Editions give the end user all the features and functionality of the commercial versions. The software may be used only on a privately owned computer, and the end user may not transfer or resell ownership of the Adobe Student Edition license.
Is there a time limit on using the Student Editions?
No, there is no time limit on using the Student Editions.
Can a Student Edition also be used for commercial purposes?
In North America, Student Edition software can be used for commercial purposes. Outside North America, Student Edition software is for noncommercial purposes only.
How many versions of a Student Edition can I purchase?
Each eligible person may purchase only one copy per Adobe Student Edition. For example, a student may purchase only one copy of Creative Suite 4 Design Premium Student Edition. If that student buys an additional copy of Design Premium Student Edition, no serial number will be issued for it.
How many computers can I use a Student Edition on?
A Student Edition license can be installed on up to two computers (for example, a desktop and laptop). Activation ensures that no more than two computers can have the same serial number.
Can I upgrade from a Student Edition?
Yes, a  Student Edition can be upgraded to a commercial version.
Can I resell a Student Edition?
The end user may not transfer or resell ownership of the Adobe Student Edition license.
Can I use a Student Edition after I graduate?
Yes, after you graduate, you may continue to use your Student Edition; the license does not expire.
Can I use a Student Edition  on a computer at school?
No, you may use your  Student Edition only on your own private computer.

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