As Jon Skeet states, there is no way except by using reflection.

However, if reflection is an option for you, you can do this.

public static void main(String[] args) {
    System.out.println("please enter a password");
    // don't actually do this, this is an example only.
    Scanner in = new Scanner(System.in);
    String password = in.nextLine();
    usePassword(password);

    clearString(password);

    System.out.println("password: '" + password + "'");
}

private static void usePassword(String password) {

}

private static void clearString(String password) {
    try {
        Field value = String.class.getDeclaredField("value");
        value.setAccessible(true);
        char[] chars = (char[]) value.get(password);
        Arrays.fill(chars, '*');
    } catch (Exception e) {
        throw new AssertionError(e);
    }
}

when run

please enter a password
hello world
password: '***********'

As Jon Skeet states, there is no way except by using reflection.

However, if reflection is an option for you, you can do this.

public static void main(String[] args) {
    System.out.println("please enter a password");
    // don't actually do this, this is an example only.
    Scanner in = new Scanner(System.in);
    String password = in.nextLine();
    usePassword(password);

    clearString(password);

    System.out.println("password: '" + password + "'");
}

private static void usePassword(String password) {

}

private static void clearString(String password) {
    try {
        Field value = String.class.getDeclaredField("value");
        value.setAccessible(true);
        char[] chars = (char[]) value.get(password);
        Arrays.fill(chars, '*');
    } catch (Exception e) {
        throw new AssertionError(e);
    }
}

when run

please enter a password
hello world
password: '***********'

Note: if the String's char[] has been copied as a part of a GC cycle, there is a chance the previous copy is somewhere in memory.

This old copy wouldn't appear in a heap dump, but if you have direct access to the raw memory of the process you could see it. In general you should avoid anyone having such access.