The "Student License" means the license to use the package on one computer only by one student only. "Student License" can not be used on different computers or by more then one individual student.
The "Individual License" means the license to use the package on one computer only no matter how many users use the computer. "Individual License" can not be used on different computers.
The "Departmental License" (or lab license) means the license to use the package in one department (or lab) only no matter how many computers are in the department (or lab). "Departmental License" can not be used in different departments or labs.