Hey guys,
I was having this same problem, but upon reading the install directions a little closer, I found that I needed to run the "setup-schools.exe" install file instead of the standard install file. This install simply asked for username and password, then automatically generated the license in a hidden folder. Try this and see if it works. I still haven't managed to get the software to open on my son's computer yet, but we'll get it figured out.
Good Luck!!!
Scott