Ferris has implemented MyDegree, a real-time, web-based academic auditing and advising tool that assists advisors in helping students combine and compare degree requirements and coursework to most effectively chart a path toward degree completion. A major benefit of MyDegree is to help students avoid taking unnecessary courses, which will improve their time to degree completion and therefore reducing student debt. MyDegree includes a "What If" tool that displays how a student’s coursework could be applied toward another major, minor, certificate or concentration.

The purpose of the MyDegree Advisory Board is to collaboratively maintain a university wide user-friendly degree audit system for students and advisors that tracks student degree completion in an organized and efficient manner while ensuring academic curriculum integrity and uniform policy implementation.