A cascade of conservative organizations and Republican politicians ripped President Joe Biden Wednesday, saying the president’s planned student loan cancellation was an “unfair” handout to “privileged college graduates.”

The White House announced Wednesday that the administration would be implementing a student loan forgiveness program that will see federal student loan borrowers with an annual income of less than $125,000 eligible for $20,000 in loan forgiveness if they received a Pell Grant to attend college. All other borrowers in that income bracket would be eligible for $10,000 in loan forgiveness.