The subscription entitles you to use the software as long as your IU computing accounts are active you are not entitled to use the software after you leave IU.
Your IU Microsoft 365 subscription allows you to install Microsoft Office on up to five personal computers (Windows and macOS), five tablets (Windows, iPad, and Android), and five phones.
Microsoft 365 (formerly Office 365) is a subscription-based service that allows IU students, faculty, and staff to use the newest versions of Microsoft Office on their personal Windows and macOS computers, via the web with Office Online apps, and on their smartphones and tablets with Office Mobile apps. If you buy a personal Microsoft 365 subscription from Microsoft, and later get a subscription through the university, IU cannot refund the cost of your purchase from Microsoft.