A couple of things that would be beneficial to look into when graduation rolls around:
• round the world air fares - flat rate for 5 countries over one year for most airline alliances
• 49 day average to buy flights
• 81 day average to buy international flights
• (200 days+ ticket is just as expensive as last minute tickets)
• super cheap travel destinations: backpacking through South America or South East Asia
• cheapoair.com for budget airlines
• a nice, sturdy camera