Mr. Chairman, I know you and the other Commission members share my view that it would be counterproductive to advocate or institute leverage-orientated policy tools which would impede the free flow of capital into and out of our debt and equity markets, function as capital controls or stimulate undue government intervention in the markets.

CENTERFORSECURITYPOLICY: Leveraging US capital markets to advance peace in Sudan

And while other kinds of debt can be discharged in bankruptcy, student loans must still be paid barring "undue hardship, " a legal test that most courts have interpreted very narrowly.

WSJ: To Pay Off Loans, Grads Put Off Marriage, Children