You should not have to use ANSLIC_ADMIN Utility for ANSYS Student version as there is no need to configure any licensing, it's already included in your installation path. Do you also have any other ANSYS products installed on the machine ?
For the error that you see, try uninstall the product and rename (or delete) the folder 'ANSYS Student' under C:Program FilesANSYS Inc
Then, reinstall the product again and make sure that you run the installer with 'run as administrator'
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