By James Paladino/J.paladino@latinospost.com (staff@latinospost.com) | First Posted: Jan 16, 2013 07:22 PM EST

With the advent of Microsoft Office 2013, the Redmond-based company hopes to seduce consumers away from the traditional one-time purchase model that has reigned as the industry standard since the inception of the popular productivity suite. Near the end of 2012, prices for Microsoft's Office 365 cloud service, enterprise and business offers, and consumer products leaked. While the majority of those costs appear to have held up, Microsoft has updated several details about the upcoming Office's pricing structure, according to a recent ZDNet report.

So, how much will Office 2013 and Office 365 cost? For starters, the traditional Office Standard will cost $369, while Office Professional Plus 2013 is priced at $499. Undergrads and doctoral students may want to check out Office Home & Student 2013 for $139.99. Meanwhile, Home and Business is priced at $219.99, and Office Professional 2013 runs $399.99. As for Office 365 Home Premium, consumers can nab the software bundle for $8.33/month. Office 365 Small Business Premium will be priced at $12.50/month, 365 University at $3.30/month, 365 Midsize Business at $15/month, and 365 Enterprise & Government at $20/month.

Microsoft has further incentivized the new Office with a promotion that encourages any consumer who purchases Microsoft Office 2010 between now and April 30, 2013 to apply for a free upgrade to Microsoft Office 2013 or a one-year subscription to Office 365.

Microsoft Office 2013 is reportedly slated for release at the end of January, so stay tuned for regular updates.