DreamSpark (MSDNAA) Windows Product Key

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I just got a product key for Microsoft Windows 8.1 through the MSDNAA (DreamSpark) as a student.

Am I able to use this product key multiple times, on both my computers, or just once?

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This is an old question but the DreamSpark EULA clearly says "two devices". You are supposed to own both but it is not enforced.

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Yes & No

Technically you are within your fair-use rights to activate it on multiple computers THAT BELONGS TO YOU.

Nevertheless, if you install it on more than 3-4 computers or re-activate it on the same computer multiple times (likely 3) after re-installing Windows, you will probably have trouble activating it the next time you want to.

At that stage, you might have to speak to a Microsoft Rep.