President Biden claims that the HEROES Acts of 2003 gives him the power to cancel student loans, but the legislative record and text of the law show the polar opposite is true. These include (1) the introduction of the law, where the sponsor said it would not affect the financial "integrity" of the student loan program; (2) the debate on the law, which lasted for only 40 minutes because lawmakers rejected any provisions that would cost money, (3) the votes on the law, which passed Congress by a margin of more than 500 to 1; (4) the text of the law, which states that it won't impair "the integrity of the student financial assistance programs." In direct opposition to the law, Biden's actions will cost $605 billion to more than $1 trillion. If courts don't stop this, his actions will cost every U.S. household an average of about $4,700 to $7,700.