Well, should be a pretty damn short "review."
The answer is: No.
US Constitution Article 1 Section 8.
"The Congress shall have Power To lay and collect Taxes,
Duties, Imposts and Excises, to pay the Debts and provide
for the common Defence and general Welfare of the United
States;"
The President, no matter which fucking party he belongs to, has NO authority to do this. ONLY Congress does.
https://thehill.com/homenews/administration/537386-white-house-reviewing-whether-biden-can-take-action-to-cancel-student