I am the IT manager for a high school and one of our 12th grade teachers uses 3DSMax in her class. We have always had trouble affording more than a few licenses of the program, so students have had to share PCs. As I read the new education licensing update and FAQ (http://usa.autodesk.com/adsk/servlet/ps/dl/item?siteID=123112&id=20907731&linkID=9240617#section10), it appears that if we have our students download 3DSMax and get their own license code, then we can use the program on each PC in our lab for that particular student. Is that correct? If so, I assume we would need to re-license with each new school year for the new students? Thank you for any clarification. It would be great news to know that we can finally teach the program to everyone at the same time.
You are correct in that students can now use free licenses obtained from the Autodesk Education Community in a lab environment, however they must be used on "their own personal computers" (from the previously linked FAQ). Installing and activating on a school or lab computer is still a violation of the LSA.
Hope that helps clarify and please let me know if you have any additional questions!