Last week, The Takeaway reported that student loan debt is rising along with the college tuition rate. According to the College Board, the average cost per year of tuition is up more 8.3 percent for public four year colleges and up 4.5 percent for private schools. The average college student now finishes school with between $22,000 and $28,000 of debt. While President Obama announced a new program that the White House says will help lower student loan interest rates, some students refuse to take on the burden of debt. Celeste is in Los Angeles this week and she spoke to one such student, a UCLA undergraduate who is so concerned about debt, he's decided to finish his education homeless.
UCLA student Michael majors in anthropology at UCLA. He has just five more weeks of school until graduation, and he has spent the last quarter homeless on campus.