Dropbox is consolidating its three Pro account options into a single plan that's priced at $9.99 per month and includes 1TB of storage, while ot also added new features. The Pro plan is aimed at professors sending out their lesson plans, musicians creating and sharing their new composition, or other workers who want more storage and tools than come with the free Basic plan, which starts at 2GB, but for whom a Business account might be overkill.

Previously, Dropbox had three different Pro plans with 100GB, 200GB and 500GB of storage, priced at $9.99, $19.99, and $49.99 per month, respectively.

In addition to a terabyte of storage, the new plan includes some new features:

• Passwords for shared links create an additional layer of security so only people with the password can access your link.
• Expirations for shared links safeguard your sensitive files by letting you set how long your links stay up.
• View-only permissions for shared folders let you pick whether recipients can edit or just view files within your shared folder.

Dropbox is competing with larger competitors like Google and Amazon which continue to slash prices and increase the storage they offer.

In March, Google cut the price of its 1TB Drive plan by 80%, from $49.99 to $9.99, and Amazon cut the price of its 1TB S3 plan by 65%, 3 cents per GB per month.