Hi Przemas, yes there's an educational discount version which can be ordered by students or teachers from Studica here: https://studica.com/moi3d .

re:
> If so what are the terms? Is such license limited in some way?

I've attached the license agreement here if you want to see that. There isn't any limit on what type of work can be done with it, it can be used for commercial work or whatever.

The only difference from the regular version license is that the EDU version can't be resold and transferred to another person.

- Michael

EDIT: EULA is available on the web site "Resources" page:
https://moi3d.com/resources - look for "MoI End User License Agreement"