Are you a student? If so, you can get unlimited cloud storage for the very low price of free.

Google on Tuesday announced a new version of Drive that is free for students. Described as an "infinitely large, ultra-secure and entirely free bookbag for the 21st century," the new Drive for Education offering will be available to all Google Apps for Education customers at no charge.

It includes unlimited storage (with a 5TB per-file size limit) plus access to the Google Apps Vault for your message archiving needs.

"No more worrying about how much space you have left or about which user needs more gigabytes," Ben Schrom, project manager for Google Apps for Education, wrote in a blog post Tuesday.

Google stressed the security of Drive, noting that every file uploaded to the service is encrypted both while it travels from your device to the company's data centers, and also while at rest on Google's servers.

"We want educators and students who use Google Apps for Education to be able to focus on the learning experience — not the technology that supports it," Schrom wrote. "With Drive for Education, users can put an end to worries about storage limits and more easily maintain a safe, effective and compliant learning environment."

The move comes after Google in May unveiled Classroom, a free tool in the Google Apps for Education Suite that aims to make teachers' lives a little easier and more organized. Classroom is integrated with Drive to automatically organize assignments into folders.

Google also recently launched Drive for Work, a premium offering for businesses that includes unlimited storage, advanced audit reporting, and new security controls for $10 per user per month.