Alex Benda, 22, an international business major, said he split the top of his 10-inch by 10-inch graduation cap into 100 tiny squares, and he is hoping to sell each square for $300 to completely pay off his $30,000 student loan debt, the Detroit Free Press reported Monday.
"It's scary to think I'm about to go out into this economy and try to find a job and have all this debt I'll have to start paying," Benda said. "I started thinking, 'Do I have anything available I could sell?'"
Benda said he has already sold $1,200 worth of ad space on crowd-sourcing website gogetfunding.com.
"I aspire to be an entrepreneur and love out of the box thinking to solve everyday problems," he wrote on the site. "I realized that I would have the eyes of every graduating student and their family's on me as I walked across the stage to accept my diploma."
Benda said his only rule for the ads is to avoid crude and offensive material.
"There's a button in the middle, so I don't know how that will work with that square, but we'll make it work if someone buys it," he said. "If you want to buy four of them and put a little figurine up there on my hat, I'm fine with it."