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BBC Capital

90-Second Financial Fix

Take a ‘gap year’ without denting your wallet

About the author

Kelsey Hubbard is a freelance broadcast journalist based in Connecticut. She is a former host of ABC News’ Money Matters and was a longtime host and reporter for The Wall Street Journal’s daily video business news shows.

Travel abroad, learn another language and gain valuable work experience without sacrificing your education?  Thousands of students each year take a year off between secondary school and university —known as the ‘gap year’ — to do just that.

All this self exploration and enrichment comes at a cost. Even so, the gap year is not merely a luxury for the wealthiest families. You might be surprised to learn there are opportunities to suit every budget. Some official gap year programs provide scholarships and stipends, while other programs allow a student to actually make money while away.

Click play to learn ways to cut costs and learn more from a gap year — in 90 seconds.

Have you taken a gap year? Will you encourage your kids to do so? Share your thoughts on BBC Capital’s Facebook page.