ToonBoom Academic License perpetual ?

Is the academic license for ToonBoom Studio and ToonBoom Animate a perpetual license or is it limited to being used for student work while in school only ?

That is , once a student has graduated from school may they continue to use their ToonBoom license to work on paid professional jobs , or do they have to purchase a full-license to upgrade
their academic version ?

Never mind. I have the answer now .

ToonBoom says:

The good news is that Animate cross-grade is $299 right now… I am seriously considering getting it to upgrade from TBS academic but that is a ton of money for me.