https://www.theverge.com/2018/3/27/17167054/new-apple-ipad-announced-cheap-price-students-2018

Apple is introducing a new iPad today at its education event in Chicago. Rumors of a new, cheaper iPad emerged recently, and Apple is making it official with a refreshed 9.7-inch iPad with Apple Pencil support. The updated iPad will be available in Apple stores today, in silver, space gray, and a new gold finish. The tablet will include Touch ID, a HD FaceTime camera, 10 hours of battery life, an 8-megapixel rear camera, LTE option, and Apple’s A10 Fusion chip.

Apple previously lowered the price of its 9.7-inch iPad last year, with a base model starting at $329, but today it’s going a step further for students. Apple is offering the new iPad to schools priced at $299, and to consumers for $329. The optional Apple Pencil will be priced at $89 for students, and the regular $99 price for consumers. This is obviously not the $259 budget iPad pricing that was rumored, but it does make it a little more affordable to students and teachers.