Apple’s latest 9.7-inch iPad is just under $300 for students and packs in Apple Pencil support.

Apple’s Greg Joswiak announce this new iPad on stage today at Chicago’s Lane Tech school. This new edition is arriving with new versions of Pages, Keynote, and Slides, all of which will now support the Apple Pencil. Pages will also arrive with a feature called Smart Annotations.

Joswiak also stated that this will be a more affordable product, costing only $299 for schools, which is in line with their commitment to providing inexpensive learning tools for schools and students.

Smart Annotations allows notes written with the Apple Pencil in Pages to move when parts of the essay being read are moved and will allow teachers to more organically write comments for essays submitted via Pages. This update will be arriving soon.  Also included with the new Pages will be an option for digital book creation.

The new iPad will feature an 8MP HD camera, 10 hours of battery life, touch ID, up to 300mbs of LTE, 9.7 inch retina display, an A10 fusion chip, and allows for immersive AR learning experiences. Staring at $329 for consumers and only $299 for schools, the new iPad is available for pre-order today with shipments coming later this week.

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