Shia LaBeouf has reportedly enrolled in acting school.

The 29-year-old star, who has been working steadily since appearing on the Disney Channel when he was 10 and has an estimated net worth of $25 million, is set to attend California Institute of the Arts in Valencia later this year.

A source close to the 'Transformers' star told Us Weekly magazine: ''He's been hanging around campus.''

Another friend said: ''He thinks this will expand his acting abilities.''

The 'Indiana Jones' actor, who was accepted to Yale in 2003, first auditioned for the university in 2005 but deferred to star in 'Disturbia,' which propelled him to fame.

But Shia previously admitted in 2007 that he would love to eventually go to university to study Psychology to help him ''be a better actor.''

He said at the time: ''When I get a chance, I'm going to go, but even Yale says, 'You got opportunities right now, college doesn't make too much sense.

''There's something about studying body language and non-spoken emotion--I know the innate response. But to really study it like a science would be fun.''