The summer deal begins Monday, May 23, and ends on Sept. 3.
Students will also get a free copy of Office 2010, the Home and Student version, which is worth $150. The Xbox 360 is worth $200 and it’s the black model with 4 GB of memory.
Altogether, a student (or parent) could save $350 on a computer for a student going back to school in the fall.
The offer is only available in the U.S. now, but Canadian and French students will soon get the same deal.
Shoppers have to present a valid student ID card to get the deal. It’s available at Best Buy and Microsoft retail stores. Online, students can get the deal at Dell.com, HP.com or the online Microsoft store.
Here are more details in a Microsoft blog post.