Will this get millennials to buy homes?

One Wall Street firm has an idea that's raising eyebrows: forgive some student debt for first-time homebuyers.

It's too early to say exactly how the stimulus measure BlackRock (BLK) suggested would work, but it would take Congressional action because the federal government administers the majority of student debt.

The move could be a creative way to ease student debt, which has quickly become a $1.2 trillion Achilles heel in the American economy.

Millennials aren't buying many homes. Mounting student debt may be part of the problem.

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