With Average Student Debt At $33,674, Ferris State University Looks To Address Cost And Reduce Borrowing

Ferris State University has created a task force to brainstorm ways to reduce student debt.

The 10-member task force, which consists of faculty and administrators, is aiming to address debt by recommending short-term changes in three-areas: cost, graduation rates and financial literacy.

“It’s one of the most important things we can do to improve the quality of life for students upon graduation,” said Leonard Johnson, a professor at Ferris’ School of Education who’s serving as the chair of the task force.

The recommendations are to be delivered in November.