https://www.cnbc.com/2018/03/27/apple-education-event-in-chicago-tim-cooks-speech.html

Apple released a new affordable iPad model on Tuesday that supports Apple Pencil and is compatible with all-new versions of Apple's word processing, spreadsheet and presentation apps.

The new iPad will be offered to schools for $299 and is available to order today. It will start shipping and arriving in stores this week. Consumers can buy it for $329.