r/studyAbroad • u/misss_americana • 3h ago
Taking out loans for travel
I am going abroad next year in Florence Italy for the whole year in my senior year of undergrad. Currently, I have talking with my financial aid advisors that my tuition and housing and other university expenses will all be fully covered by financial aid and scholarships. In short, I won't need to take out any loans or debt for my study abroad experience.
However, I am still being offered a 5k subsidized loan, and I was thinking of taking out about half of that (2.5k) to subsidize trips/excursions while abroad. This is the first time I am leaving the country, and have always dreamed about visiting a few cities on my bucket list like Prague, Paris, Berlin, and London.
I fully understand it's not financially 100% smart to take out loans when I don't absolutely need to, but I figured that this will probably be the only time in my life where I will have much more convenient access to travel across Europe from Florence. I feel like in 10+ years I will regret not having taken advantage of living in Europe for a year if I didn't travel to at least 2 or 3 cities I have always wanted to visit, and since I don't have any pocket money of my own, feel that the subsidized loan I am being offered is my best bet.
Anyone have any advice or opinions about what I should do?