Student Edition serial numbers are version-specific. This error can occur if a previous version serial number was used for installing a new version. (i.e., the serial number used for the installation is not entitled to the version you are trying to install).
It might be possible that the previous version serial number was automatically taken from the registry (as it was available in the registries) on the serial number page and the user continued without modifying it.
Hence, on the Serial Number page of the Installation Manager, please ensure that the correct serial number is entered. If any serial number is automatically displayed, remove it and enter the correct serial number. Proceed with the installation.