Yep I use that licence with my institutional email, but I only have 2 years left and at this point I can't leave the platform x.x I will have to pay the 700ish USD
That price, $650 USD, is for organizations; individual licenses only cost $250 and go down to $150/year after the 3rd year of renewal. What I like most about their personal/individual license is that it does not restrict where I can use it. This means the license I personally bought can be used at my place of employment, even if it's a huge corporation. Check out their FAQ to determine if you need an organizational or individual license. Simply put:
*A Commercial license is the standard licensing option for organizations and business entities.
*A Personal license is an option for private individuals who purchase a license with their own funds, and solely for their own use.
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