Chances are, unless your budding intellectual is heading off this fall to become a graphic designer or a mechanical engineer, you don't need to take out a second mortgage just to get them a new computer.

The Dollar Stretcher provides plenty of reasons why every student should have a computer at their disposal when they enter the hallowed halls of Academe, despite the already high price tag that comes with college. Today there are more choices than ever before when it comes to finding a computer that fits your student's needs.

And as The Dollar Stretcher also points out, forgoing a Mac and picking up discounted student software at the college bookstore will save you lots right upfront.

The article points out a cool new model of laptops called subnotebooks that are small, low-powered, low-cost laptops which are suitable for handling typical student activities such as paper writing and web surfing. If you are looking for a more traditional notebook this fall there are still plenty of deals to be had on laptops and desktops which pack a little more punch. Purchasing a refurbished laptop or PC is a great way to save and still get a decently spec'ed out machine.

Here are a few deals out there right now on good back to school machines.

If you've done any online shopping for electronics or computers recently you've most certainly come across a refurb section with items at deeply discounted prices. Matthew Dillon at GottaBeMobile.com, rounded up a great collection of the different ways you can save money buying refurbished, and also compiled several great sources for finding refurbished electronics.

Types of refurbished products:

• Refurbished - The unit was determined to be defective and given a complete overhaul to fix the problem.
• Scratch-and-Dent - These products will have slight variations on the exterior appearance, but they should function fine.
• Open Box - You'll find these in the corner of a brick and mortar store often missing remotes and manuals. These are usually returns or floor models, the latter taking heaps of abuse at the hands of customers.

The most recognizable source for refurbished goods is the Apple Store, which offers amazing deals on refurbished laptops, iPods and iPhones. I've gotten many great deals on open box items at Best Buy, where returned TVs usually net at least a 15% discount. And during inventory clearance season, savvy shoppers can get an additional 40% off. One of my friends had similar success purchasing a scratch and dent TV from ABC warehouse, negotiating an extra two years of warranty for free, on top of the lowered purchase price.

Still not sure? Keep in mind that refurbished products have usually been looked at and tested more closely than the original units that ship. Just make sure that the return and warranty policy policies are favorable before you purchase. GottaBeMobile has many more tips on getting the best deal on refurbished products.

Do you buy refurbished? Have you had good luck?