Source: http://www.engadget.com/2013/03/05/apple-education-only-new-imac/
We've already seen Cupertino's 21.5-inch iMac up for sale on the company's refurb store, and now it looks like the smaller model of the new all-in-ones is ready to be taken at a cost tailored for educational institutions. Unlike with previous education-only deals, however, Apple's pricing its newly redesigned iMac starting at $1,099 instead of $999 -- and that includes Intel's 3.3GHz, dual-core i3 CPU alongside HD Graphics 4000, a 500GB hard drive and 4GB of RAM. While the aforementioned specs are different than the ones found in the pricier entry-level variant for every-day consumers, it's worth mentioning Apple does offer the ability to upgrade some of the iMac's internals, such as memory and built-in storage. Those with the proper credentials can start ordering now from Apple, with, as MacRumors points out, orders being expected to ship within 5-7 business days.
Via: MacRumors
Source: Apple