Financing Summer Study Abroad?

Inez Relihan: Hey,If you really wish to travel and study abroad, you must seriously look at your financial situation. As you stated, your school tuition is one of the cheapest in that state, but be aware that you have to pay the $5,000 and the leisure costs do add up. Student loans are by far the easiest option if you are not able to obtain the financial support needed in-order to fund to trip abroad.You must remember that the value of the Dollar in comparison to the Euro is less, thus meaning you would essentially need to bring enough money with you to eat, travel (i.e. bus and underground), and shopping when the occasion strikes you. The $5,000 is about what you should expect to spend for the initial trip, but again you need to have money on hand when you would arrive.Taking out Stafford Loans and other Federal or Private Loans are pretty much what every college student has to do in life to learn, so your going to end up paying them back just like the rest of us. Paris ! is indeed a beautiful place to travel and to say you have been there for 2 months is a neat fact. Going overseas, without parents builds character and independence, something that looks bright in the eyes of employers when you begin applying to jobs.Different culture, different life, great experience. I say go for it, you only live once. Hope this helps!! Take Care!!...Show more