It’s no secret at this point that many people leave college not only with their diploma but also with a significant amount of student loans. This can leave young professionals stuck in a loop of constantly trying to stay on top of loan payment bills and it can mean giving up a lot of luxuries, including travel.
In a survey conducted by budget travel site CheapTickets, about 70% of respondents said that student loan debt has impacted their travels and about 25% said that if they didn’t have to worry about loans, travel would be their number one investment.
That’s exactly why CheapTickets wants to help out by launching a Student Loan Vacation Sweepstakes that will pay some of a recent graduate’s loans for an entire year, allowing them to travel.
The sweepstakes requires that graduates be over 20 years old to enter, and each winner will receive $4716, which comes out to the 12 months of the average monthly student loan payment which is $393.
For those whose loan payments are higher, that’s still nearly $400 per month to invest towards traveling. The company will also give away an additional $250 in travel budget so that the winners can book their next trip easily.
Of course, even if you do not win this sweepstakes, there are still plenty of ways you can travel on the cheap. CheapTickets provides a list of the top 10 U.S. destinations that are about 25-30% cheaper. They also featured budget traveling tips from personal finance influencer Tori Dunlap.
Budget-friendly destinations don’t mean that you won’t enjoy some of the best cities the U.S. has to offer. Included on CheapTickets’ list are cities like Los Angeles, Miami, Chicago, New York City, and even outdoorsy locations like Jackson Hole, Wyoming.
After so much time spent indoors, we all need a serious vacation and adventure. So many places are eager to welcome tourists again, so perhaps it’s time to make a budget and plan out a vacation?