Biden Cancels $1.2 Billion In Student Loan Debt… A DROP In The Bucket! UnitedPatriotNews.com 9 months ago IMAGE ABOVE FROM VIDEO BELOW TOP COMMENTS FROM VIDEO BELOW He doesn’t have the power ( by law) to forgive student loans. I paid off MY student loan and it wasn’t easy, but I took out the loan, it was MY responsibility, not the US taxpayers.