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Student loan relief would be fantastic as debt soars past a trillion

Student loan relief ‘would be fantastic’ as debt soars past a trillion Ferris State Univ. official says most popular proposal from President Elect Joe Biden, new administration would be giving debtors $10,000 in loan relief Videos and last updated 2020-12-10 20:31:56-05 BIG RAPIDS, Mich. — For Erica Foote, going to Ferris State University was an easy choice. Most of her family went to Michigan State University in East Lansing. However, when Ferris offered her a $6,000-a-year scholarship, she moved to Big Rapids. So far, she’s loved it. “I’m happy with my choice. I’m third a generation Ferris student. My grandpa owned a pharmacy. My dad started pharmacy school,” Foote said during a Zoom interview on Thursday. “So, that’ll be kind of cool but definitely they weren’t in the same amount of debt coming out as all of us are going to be.”

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