The education license comes in two forms :
* On-site license : The license can be installed on location of the institute itself, on as many computers as the school possesses/wants.
* Take-home license: The license is issued individually for the student. One take-home license per student and the license is valid as long as the school's on-site license is valid/subscribed for.
Then as far as using the license itself you can refer to this manual article.
It sounds like perhaps your teacher gave you a license which is supposed to be on-site, which goes against the terms of the license and should not be something to be done.
So be sure to confirm with your teacher if he's providing you a take-home license for your own personal usage, or if he's attempting to give away on-site licenses which he should not and could get him and the institute he works for in troubles.