That’s right, today Apple officially kicked off their largest back-to-school promotion in the company’s history which is brilliant!

Apple is offering a $299 rebate to cancel out the price of an 8GB iPod touch until September 15th, however the rebate can also be applied towards the purchase of a 16GB ($399) or 32GB ($499) model. Though, participants can elect to receive a free 8GB iPod nano for the reduced rebate value of $199.

To qualify for the deal, the iPod and Mac system have to be purchased at the same time and appear on the same sales receipt. Products that qualify for the deal are the MacBook, MacBook Air, MacBook Pro, iMac, and Mac Pro. Note the Mac mini, previous-generation 17” iMac, Apple TV, iPhone, iPod shuffle, iPod classic, 4GB iPod nano, and refurbished products are not eligible for this back-to-school offer.