Getting your education is sure to be one of your greatest achievements in life. It can also be a very demanding time that requires total dedication and concentration. You may want to reward yourself by taking a year off to travel after college. This is known as taking a “gap” year. Of course, this will take the right amount of planning to be able to do so. Here are some tips that can help if you’re considering this option.
Tip #1: Financial planning
One of the things you should be prepared to do is to put a financial plan in place. It’s ideal to consider ways you can make money while traveling abroad or while saving up for this special time in your life.
You may want to consider putting your education to work. Do some online tutoring to increase your income and assist with expenses. Other ideas include applying for jobs locally while visiting a certain area.
Keep in mind that it’s a good idea to transfer money using a reputable service. Having an account with this company will enable you to transfer funds internationally. This is critical when traveling.
Tip #2: Choose wisely
You can learn a lot when traveling abroad after college. It’s ideal to select locations that offer you the cultural experiences that you can enjoy and apply to other parts of your life in the future.
Be sure to do the right amount of research to assist you in finding the ideal places to visit that can help you with your current and future goals in life. This is the key to making the most out of your travels. It can have a huge impact on how much you gain from this experience.
Another thing to consider is the traveling cost to and from many of the locations you’re thinking about visiting. This may influence where you’re capable of going.
Tip #3: Consider student loans
You will want to be sure that you take into account any student loans that you have. You will need to keep these paid. Regardless, it's an expense that you’ll want to stay on top of after finishing college.
It’s a good idea to see if you qualify for a public student loan forgiveness program. It’s possible that your loan may be forgiven or deterred after 120 months of payments. This is certainly something to consider when you want to travel for a year after college.
Tip #4: Look for an internship
One of the ideal ways to enable you to take a year off after college is doing an internship. These are typically offered by many companies and can allow you to see the world should you qualify.
Finding the right internship can enable you to gain the experience you need in your field. Be sure to check with your college or other online sites that can guide you in finding the right one to suit your needs.
The benefits of traveling after college include getting experience in the real world. Many people view this as the key to having a successful career down the road. It’s thought to greatly enhance your life in the process. The key to being able to do this for most students is dependent on the amount of planning and thought you put into this beforehand!
Information in this post was contributed by a frequent reader of Money Beagle.