http://www.adobe.com/products/photoshop/faq.edu.html
"I was a student and bought software at an education discount. Can I upgrade to a full version?edit: So, yeah, there is no I'm still a student, can I upgrade even cheaper than $79 option. You can either buy the latest student version if you still qualify, or upgrade to the real one if you contact them.
Adobe Student and Teacher Edition software can be upgraded to a commercial version when the user is no longer a student or teacher. Contact the online Adobe Store or your local reseller for information about upgrading to commercial versions of your products."
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