$80 more for the 256GB seems to be the better buy:
$1,279.20 - $200 trade in bonus - $50 newsletter code = $1029.20
Managed to buy one at this price, not sure if there will be an admin fee of $60 if the trade-in is not returned as someone mentioned previously, but even then it's still a good price. Newsletter code didn't come through all the emails I tried, had to contact them to request it. Managed to get a $100 EDS code from chat but it didn't want to stack, probably not compatible with the EDU store.