Pam,
The Adobe CS5 packages will be available for students and now they are including teachers (a brilliant move IMHO) The link to the site is here. The student versions are full complete versions of the software and there is no limitation that I can find on commercial use. (They used to as Drew mentioned) I'm assuming Lightroom 3.0 will be the same. You must be able to prove that you are a student and they don't "turn on" the software until you do which greatly limits those who would cheat to allay some of Drew's fears. Some info from the site;
The following individuals are eligible to purchase Adobe Student and Teacher Editions:
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University and college students — students enrolled at a higher education institution defined as an accredited public or private university or college (including community, junior, or vocational college) that grants degrees requiring not less than the equivalent of two years of full-time study
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Primary and secondary school students — students enrolled at an accredited public or private primary or secondary school providing full-time instruction
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Faculty and staff — teachers and staff employed by an accredited primary or secondary school or public or private university or college
Customers will be required to provide proof of eligibility to Adobe in order to use an Adobe Student and Teacher Edition.
Students can buy Adobe Student and Teacher Editions on Adobe.com in the Education Store Students may purchase only one license of any Adobe Student and Teacher Edition product. The license may be used only on the student's privately owned computer. Student and Teacher Edition products may not be resold.
One other note the packages are different depending on where you live in the world so this info only applies to the US and Canada. Other countries may be slightly different.
Happily my son has finally graduated from the University so he's not eligible any more. I might have to go sign for some classes at the community college.
I wonder if they have any Photography classes.
Have fun,
Steve