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What you need to know for 01/18/2017

Student uses graduation cap to bring in $5,400

Student uses graduation cap to bring in $5,400

A University of Michigan-Flint senior has taken a chunk out of his tuition debt by selling ad space

FLINT, Mich. — A University of Michigan-Flint senior has taken a chunk out of his tuition debt by selling ad space on his graduation cap.

The Flint Journal reports Alex Benda has raised $5,400 as of Thursday.

The 22-year-old is looking to rent out as much of the 100 square inches of space on his graduation cap as he can before walking across the stage to receive his degree at Perani Arena on May 4.

The idea is to cut down on his $30,000 student loan debt. The pledges so far have come from 45 backers on Benda's GoGetFunding project web page.

The yield already has exceeded Benda's expectations. He figured he would raise a few hundred dollars, primarily from family.

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