Microsoft today announced several changes to its OneDrive cloud storage services, starting with a massive increase to 1 TB of storage for all Office 365 subscription plans. This expanded storage will be will be automatically added to existing Home, Personal, University or Business subscribers starting in July. While the 1TB feature is new for Home, Personal, and University users, this upgrade previously was announced for Office 365 Business subscribers.

Today, OneDrive and Office are announcing a BIG change to that benefit for consumers, to the tune of 1 TB per user. That’s right–we’re increasing the OneDrive storage allotment included with Office 365 Home, Office 365 Personal, and Office 365 University from 20 GB to 1 TB. That’s a whopping 50 times, or 5,000 percent increase in storage–and it’s going to be here before classes are in session!

For OneDrive users who are not Office 365 subscribers, Microsoft has also sweetened the deal by boosting the free storage allotment from 7 GB to 15 GB. Prices for additional storage plans also are being slashed by 70 percent, with new monthly prices starting at $1.99 for 100 GB (previously $7.49) and $3.99 for 200 GB (previously $11.49).