Hulu just got cheaper for college students. Starting today, the streaming service is rolling out a new $1.99/month plan for college students. This is a 67% discount from Hulu's standard tier of $5.99/month.

The new college plan gives students access to Hulu's extensive content library, which includes award-winning originals such as The Handmaid's Tale, Palm Springs, The Normal People, PEN15, and The Rummy. It also offers a catalog of popular movies and FX, as well as the latest episodes of current TV shows like "Grey's Anatomy" and "This Is Us."

However, student subscribers must watch ads; Hulu does not offer an ad-free tier at the student rate. Nor does Hulu With Live TV, which recently raised its price to $65 per month, have a student rate.

The college plan comes with two simultaneous streams and includes access to the recently launched Hulu Watch Party feature, which allows groups of up to eight viewers to synchronize and watch movies and shows together.

Eligible college students must be at least 18 years old and enrolled in a Title IV-accredited U.S. college or university (as verified by their Sheer ID) and can register at hulu.com/student.

This new Hulu deal is less than half the price of another student bargain. For a little more, $4.99/month, you can sign up for Spotify Premium Student, which includes Hulu and Showtime.

At Disney Investor Day, the company reported that Hulu had 38.8 million subscribers, up 28% from the previous year.