In another wave of student debt cancellation, the Biden administration announced the cancellation of an additional $1.2 billion on Wednesday, February 22nd. At this point, Biden has given away almost $138 billion to forgive student loans. Borrowing money with the intent of paying it back is no light commitment. We do not want a society that believes you can take out a loan and need not have any concern for repayment. The reality is someone must deal with the bill. America cannot afford to add to its already high debt of over $30 trillion.