Is it possible to run Adobe CC apps from a portable hard drive on multiple computers?

I work at a  university that is not purchasing the Adobe CC license for it's labs. As far as  I know Adobe will not create a deal that structures the fees in a way that makes it possible the University to buy into the CC platform.

This puts me a a tough spot as a person who teaches digital media in a University setting.  Teaching legacy software (Adobe CS 5) puts our students at an immediate disadvantage.

To get around this issue, I have come up with the idea of having students purchase Adobe CC license short term (or longer if they like) as a textbook. However my lab administrators don't think there is a reasonable way to do this.  Right now students would have to log into their User space on the University system, download software each time they came to class.  This would not work for many reasons.

Is there a way to make  Adobe CC portable, so students can download their own CC software and carry it around with them on a portable hard drive?

Would a system have to be installed on the portable drive or is there a way to run the software from a hard drive using the system on the computer it is attached to?

FYI the students and instructors have have no access to the computer systems, ex administrator or / root, level of the computers.  Adding software and/or drivers can take months.  Given time , I can get our IT folks to add a limited amount of structure to the system to make it possible for students to use Adobe CC from a portable hard drive if such a solution exists.

Thanks for your thoughts on this .

FYI the labs I need to MAC labs running OS 10.7.X (2.7 GHz Intel Core i5 - 4 GB RAM - 1 TB HDD) -