President Biden announced a large-scale effort to help pay off federal student loans for tens of millions of American borrowers, many news organizations reported.

“These plans would fully eliminate accrued interest for 23 million borrowers, would cancel the full amount of student debt for over 4 million borrowers, and provide more than 10 million borrowers with at least $5,000 in debt relief or more,” the White House said in a statement.

“While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive,” said Biden in a speech in Madison, Wis. “Today, too many Americans, especially young people, are saddled with too much debt.”

The president’s previous plan to cancel more than $400 billion in student debt for about 43 million borrowers was blocked by the U.S. Supreme Court in June. Since then, he has cancelled more than $9 billion in student debt for 125,000 Americans who qualify for relief under existing programs, and cancelled an additional $1.2 billion in student debt for borrowers currently enrolled in the Saving on a Valuable Education (SAVE) repayment plan.

“To date, the Biden-Harris Administration has approved $146 billion in student debt relief for 4 million Americans through more than two dozen executive actions,” said the White House statement.

“More than 30 million folks will now get relief from Biden’s programs,” said Andrew O’Neill, the legislative director for Indivisible, a liberal advocacy organization, in a statement. “That’s a huge deal.”

“While framed as providing a safety net, [the new plan] ignores that we already have multiple safety nets for such borrowers, including forbearance, deferment, and a host of income-driven repayment plans that ensure that payments are always affordable,” said Andrew Gillen, a research fellow at the Cato Institute, in an interview with The Washington Post. “The real purpose is to transfer as much debt as possible from the students who took out the loans to the taxpayers who didn’t.”

“Now there’s an end to the nightmare of working hard, making loan payments and still watching your loan balances get bigger and bigger month after month,” Education Secretary Miguel Cardona told reporters, The Washington Post reported. “This work is nothing short of transformative. That’s why we’re unapologetic about this fight.”

Dave Yost, Ohio’s Republican attorney general, said in an interview with The Wall Street Journal that his office has been researching how to contest the latest Biden plan in court and is discussing a possible challenge with other states. “Details are coming as to litigation,” he said.