Microsoft on Monday announced that it will be eliminating its top-tier cloud storage plan and offering unlimited cloud storage to Office 365 subscribers at no additional cost. The change will begin rolling out today for Office 365 Home, Personal and University customers and will continue over the coming months.

Microsoft has added a new landing page where you can sign in and add yourself to the list to be one of the first to receive unlimited cloud storage. Business customers will have to wait until at least next year to gain access to unlimited cloud storage, however, as this change only affects the consumer-facing version of OneDrive at this point.

Per the OneDrive Blog:

Office 365 starts at $6.99 per month and provides users with fully installed access to the Microsoft Office suite of applications: Word, Excel, PowerPoint, OneNote, Outlook, Publisher and Access. A subscription enables users to install the suite on one Mac or PC and one iPad or Windows-based tablet, and also includes 60 world minutes on Skype.

As this change only affects Office 365 subscribers, it appears that Microsoft will continue offering its existing storage plans of 15GB (free), 100GB ($1.99/month) and 200GB ($3.99/month) for OneDrive customers. Meanwhile, Office 365 subscribers that currently pay for the larger 1TB storage tier ($6.99/month) will soon gain unlimited storage.

This makes Microsoft OneDrive a very competitive option for cloud storage. iCloud storage tiers cost range between 20GB ($0.99/month) and 1TB ($19.99/month), while Google Drive offers storage tiers between 100GB ($1.99/month) and 30TB ($299.99/month). Dropbox Basic provides 2GB (free) and Dropbox Pro offers 1TB ($10.99/month).