Apply for all the scholarships you can. If you are in the college of business they offer a generous scholarship for studying abroad AND if you choose to do an unpaid internship over seas, they have a generous scholarship for that too. Do not miss those opportunities.
Expect to spend more than you previously thought. A beer cannot be purchased for under $10, a big mac value meal is $16, and a gym membership is $150 per month.
When thinking how you are going to get around Europe, you have two options. You can either purchase the 3-month Eurail pass that works on all the trains for $1500 or you can book all of your flights separately. If you buy the Eurail pass, PURCHASE THE INSURANCE FOR IT! It is a small piece of paper, and if lost you are out of $1,500. I lost mine 2 months in and paid dearly for it in booking expensive flights. If you have a small group of people that you want to travel with and want to go to many different locations, the flexibility of the Eurail may be for you. Keep in mind that a lot of the time you have to purchase reservations to sit on the trains EVEN WITH a Eurail pass. If I had to do it over again, I would have just flown everywhere. If you book your trips 2-3 weeks in advance you can get to all kinds of great destinations for less than $100 round trip. If you are not one to plan things out in advance, it may be cheaper to buy the Eurail and then have the ability to take trips anywhere at the spur of the moment.
Enjoy the trip and hold onto your passport! If you lose it, it’s not the end of the world either. You can get a new one for $200.