More specifically, the promotion offers a $299 rebate that cancels out the price of an 8GB iPod touch, though the rebate can also be applied towards the purchase of the 16GB ($399) or 32GB ($499) model. Alternatively, participants can elect to receive a free 8GB iPod nano for the reduced rebate value of $199.
In order to qualify for the offer, the iPod and Mac system must be purchased at the same time and appear on the same receipt. Apple lists qualifying Mac systems as the MacBook, MacBook Air, MacBook Pro, iMac, and Mac Pro. The Mac mini, previous-generation 17” iMac, Apple TV, iPhone, iPod shuffle, iPod classic, 4GB iPod nano, and refurbished products are not eligible.
The products must be purchased from the Apple Online Store for Education Individuals, an Apple Retail Store, Apple Telesales, or an Apple Authorized Campus Store located in the 50 United States or the District of Columbia.
Faculty and staff of higher education institutions and students attending or accepted into a higher education institution are eligible. Any employee of a public or private K–12 institution or Qualified Homeschoolers in the United States or District of Columbia are also eligible.
Additionally, school board members who are currently serving as elected or appointed members are eligible, as are PTA or PTO executives currently serving as elected or appointed officers.
A full rundown of the Terms and Conditions [pdf] are available on Apple's website. The promotion, which was first revealed by AppleInsider last week, will run June 3 - September 15, or "while supplies last."