• Michigan student trying to sell ads on graduation cap

    FLINT, Mich. (AP) (AP)ong> - A University of Michigan-Flint student hopes to use his graduation cap to take a bite out of his education debt.

    Alex Benda, of St. Clair, told the Detroit Free Press he wants to cash in on the 10-by-10-inch hat by selling ad space in 1-inch squares on top for $300 each. If he sells 100 squares, he'll have wiped out his about $30,000 in student loans, he said.

    "I realized that I would have the eyes of every graduating student and their families on me as I walked across the stage to accept my diploma," he wrote on his website. "You can advertise on it, give a shout out, put a quote, a silly image of your cat, practically anything! All while helping a graduating college student start his life without student debt."

    The 22-year-old international business major is scheduled to graduate in a few months. He said it's "scary" to think about trying to find a job while having so much debt.

    As of midday Monday, he had raised more than $1,200 online from 12 backers -- but no square buyers had yet to make a pledge.

    "I have gained so much from my education that I hope to help others with their goal of going to college, but right now I appreciate any help," he said in his posting. "I graduate May 4th, so time is running out!"

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