The Houdini Educational license is a special learning license that can only be purchased by education institutions, not by students or other individuals.

Education licenses are floating licenses.
This allows a central machine to easily serve client computers on the network.
You can, however, license computers individually if needed.

1 Education subscription consists of 4 product licenses:

1 Houdini FX Education license
10 Renderer (Indie/Apprentice) licenses
10 Karma (Indie/Apprentice) licenses
10 Education Engine licenses

To compare Houdini Education with other Houdini products: www.sidefx.com/products/compare/