I can’t give you any insight, but if your paretns are onboard, and if it interests you, go for it. It will be different from what a lot of kids do during the summer and I am sure you will have a wonderful experience. Amsterdam is a wonderful city, tons to do.
BTW, it’s not quite as cheap as you think, as you will have to factor in a plane ticket that will cost about $1000. Combined with housing, you are looking at closer to $3000