Transfering Licenses - Student to Commercial to New Owner?

I understand that licnses are not transferable if they are student/teacher versions.
Here is my situation:
I have originally bought a copy of a Adobe design suite at the student/teacher price. Since then I have moved on from my student/teacher elegibility and have upgraded to newer commercial versions.
QUESTION: Is the license elegible for transfer now that I have moved on?
Basically my conclusion is that if I ever plan to start or sell a business I should never, under any situation, buy a student version regardless of immediate gains by taking advantage of sturdent/teacher pricing. If I sell a computer with programs, forget it because ONLY the upgrade is transferable? Meaning the tranferee must have a commercial copy in order to take advantage of the transferable upgrade only. --- If the tranferee does not have a commercial version, the sale and value is pointless because ownership is thrown out the window because I bought a student copy.
Whats going on? Am I stupid or is this correct? How does this work and what are any and all caveats? I'm a bit new to this. Especially Adobe's convoluted pricing schemes that oddly favor bathroom janitors and wasteful school administrators over folks who legitimately need Adobe software to make a living.

What version was the student version? What version did you upgrade to?
Bob

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