AppleInsider reports that Apple is set to announce a new back-to-school program that offers a free 8GB iPod Touch when you buy a qualifying Mac. That's a pretty sweet deal, especially considering you can use the $299 towards a larger capacity iPod Touch.

"We've already ordered lots of iPod touches to be ready for [this] week," said one person familiar with the promotion. That person added that students will also have the option to apply the $299 credit towards the purchase of a higher capacity player, namely the $399 16GB iPod touch or a $499 32 GB iPod touch.

In other news, MacRumors is also confirming that a free 8GB iPod touch will be the highlight of the promotion, adding that students could alternatively elect to receive a $199 iPod nano for whatever reason.