Taking Loans to Study Abroad
Hello! I'm wondering if I should do a second semester abroad on loans and graduate a semester later.
For context, I'm currently an East Asian Studies (Mandarin) major at a liberal arts college who plans on attending grad school for either translation/interpretation, nonproliferation studies, or global affairs (with a focus on East Asia). I'm not sure if I want to attend grad school in East Asia or the US yet (depends on finances since US grad school prices are giving me heart attacks).
I've already managed to score one semester (this spring) in Seoul on scholarships (Gilman and Freeman). However, I'm wondering if it'd be wise to do a second semester there too in the fall?
- I can continue to study Korean abroad for a second semester since it's not offered at my home campus. I'm low intermediate rn, so it's not like I suddenly threw in a new language.
- I'd love my time abroad
- I'd take out loans. I have enough to pay for half of the cost; the other cost would be through the federal stafford subsidized loan. I'm not looking to take out private loans at all.
- I'd graduate a semester late. This isn't a con to me per se, but it might be a con for employers/grad schools? I'm not sure.
TL;DR: My main concerns are if graduating late looks bad on grad school applications, and if taking out loans pure for study abroad is a bad financial decision. Any thoughts would be appreciated. Thanks!
Edit: I'm so sorry, I posted this in the wrong forum and I'm not sure how to change it.