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[Costs] Funding a Gap Year

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Gap Year: Costs and Fundraising

Planning your budget in advance is important for a worthwhile gap year..

Planning a budget covers everything from working hours fundraising, checking available spare funds, taking out loans are all included..


How much does a gap year cost?

Costs

Gap year program participation costs

Compare and research the prices of organizations' programs for participating in a gap year.


Travel costs

해외로 나가는 경우, 비행기 티켓을 가장 저렴하게 살 수 있는 것부터 교통편에 대한 여러 비용들을

Create a budget in advance.


Living expenses and pocket money

The country or city where you plan to spend your gap year,the exchange rateaffect costs and budgets.

Plan your living expenses and pocket money budget according to each country's situation.

(Note: foreign site Numbeocan be used to get an approximate idea of living costs in other countries)


Passport

Be sure to check the passport validity requirements of the country you plan to visit. If your passport's validity has expired,

you must renew it. (Passport information can be checked at the embassies of each country).

If you want more information about passport issuance, including fees,

외교부 여권안내 홈페이지 (https://www.passport.go.kr/) for more information.


Visa

Before departure, make sure you have been issued the correct visa, that there are no issues, and that it has been approved.


Insurance

Travel insurance is a personal choice. You may choose to purchase insurance, or you may choose not to,

decide according to your personal preference. You should enroll in a policy that covers the entire travel period.

If you plan sports or other risky activities during your gap year, it is safer to have insurance.


Equipment

When packing, consider the costs of equipment you may need to purchase.


Additional Budget

It's a good idea to set aside extra money in case something happens.

How should you earn money?


First, set goals and make a plan. Regardingwhat you will dohaving a clear purpose and objectives regarding

will motivate you. The same goes for work; to come up with a fundamental idea for fundraising,

You should demonstrate planning and creativity.

Fundraising ideas

Start with family and friends.

예를 들어, 베이비 시터, 개 산책시키기, 혹은 세차가 있습니다. 이런 활동들은 지역적으로 광고함으로써

they can be expanded into a small business.

Sell items you no longer need online.

You can sell them through secondhand marketplace websites.

Other

By getting sponsorships or, with a bit more thought and courage,you can help cover the costs.

Also, borrowing money from your parents can be one way.



In fact, financial issues are one of the major barriers for students undertaking a gap year.

HoweverIf you truly change your perspective and approach things differently, you can fully prepare your own gap yearI believe so.

Working holidayThis is also an example. In Australia, where wages are relatively higher compared to Korea, many Korean students

use the money they earned during a working holiday to travel.


Among gap year programs, participating in a paidinternship programor programs where accommodation and meals are provided for free

can be an alternative. The options are truly endless.


I want to conclude by sharing the story of the person who completed the world's four most difficult polar regions in one year.

I would like to finish by sharing the story of Yoon Seung-chul, the world's youngest grand slammer.

In Yoon Seung-chul's case,despite the roughly 15 million won entry fee, he did not give up and, through social funding,

he succeeded in raising the funds. His effort of submitting proposals to over 100 organizations to find sponsors

I think it's really amazing. Through social funding, they reportedly received about 4,000,000 won from more than 90 people.

They say they received that support. Everyone, don't give up because of financial reasons — let's think about it together!

There is definitely a way for you to do what you want and to keep dreaming.

...

Olive.Editor

gapyearolive@gmail.com