The students can go to the Chip In website and find a PC they want to get from a list of eligible products. Then they have to create a "giving page" on the site and send the URL to their friends and family through emails or social media, asking them to chip in to help them buy a tablet or laptop.

For the students who sign up, Microsoft will go ahead and 'chip in' the first 10 percent of that cost (in the form of giving discounts). And the first 10,000 students to have their family and friends fully fund their back-to-school PC via Chip In will also receive a free four year subscription to Office 365 University. This college version of Office 365 would normally cost $79.99 for the full four years.

The promotion is to run until September 1 and students must a valid .edu email address or "documentation to prove enrollment in a university or accredited institution" in order to participate.

Once the student gets money needed for the laptop they opted for, Chip In will give them a promotional code that can be used at MicrosoftStore.com to but their PC.

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