A steering column assembly for a vehicle wherein the steering column may be adjustable in a tilt direction, telescoping direction or both. The steering column includes a first housing, a second housing pivotally coupled to one end of the first housing, and a locking assembly interconnecting the first and second housings. The locking assembly includes a clutch having one end attached to the first housing, and an opposite end in sliding engagement with the second housing. A caliper member is provided on the second housing, and extending through the clutch to selectively fix the clutch in place and thus fix the relative position of the first housing in relation to the second.