Some may have graduated and wanted to travel but stopped themselves because of their existing student loan. For some, it does not stop them from seeing the beauty the world has to offer. Here are some tips to help you travel despite a huge amount of student loan.
- Choose the places with cheaper lifestyle and everyday expenses. Remember to pick out cheap destinations. The ones that you know you will be able to supplement with your current income. Looking for cheap places is now easier to do with proper research and with the help of the internet. There are websites that offer insights on the cheapest places you could stay in whether in Asia, Europe or South America. It compares the value of dollar with the local currency of the place then gives out an estimate on how much one could spend on meals, hostel, attractions and transportations on a daily basis.
- You may be able to travel despite your student loans but be prepared to stay in budget hostels and not four-star rated accommodations. There are many online portals wherein you can look for budget places to stay without compromising comfort, cleanliness and amenities.
- As much as it is convenient to charge your expenses on your credit card, it is not recommended. Remember that you are travelling with student loans hanging over your head, it will not help to get more debt without assurance of being able to pay at the designated due date. Unless you can make sure that you will pay the credit card’s balance before the interest sets in, then it is best not to use credit cards.
If you do not have enough money to travel abroad just for a holiday then try to mix in a little work into the adventure. If you have a certificate from TEFL then you might be able to teach English while you are in Thailand or China. If you have skills and you can land a contract job to be an online freelancer then you will be able to work anywhere in the world just as long as you have internet connection.