Starting May 20, Microsoft will offer students purchasing a PC of $699 or more a free 4GB Xbox 360.
Microsoft offered a similar deal last summer and it was successful enough to warrant a return.
With Windows 8 just around the corner, it may seem wise to wait to buy a new PC with a free $200 gaming console.
The deal won't be limited to the U.S., as Canadian students will be able to nab a free 4GB Xbox 360 as well with the purchase of a PC at $599 and up starting May 18.
Participating U.S. retailers include Best Buy, Dell.com, Fry's Electronics, HPDirect.com, Microsoft Stores, and NewEgg.com. Canadians can head to Best Buy, Dell.ca, Future Shop, Staples and The Source.