If your students planning to travel in Europe, invest in a Eurorail Pass. Its a wonderful parting gift and will make transit between cities and countries that much easier for your son or daughter. Buying a pass is a more economical option than purchasing train tickets abroad. If your students planning to fly overseas, sign him or her up for an airline Frequent Flyer program. If your students planning to stay in hotels that are part of major hospitality chains, sign him or her up for the hotels Rewards program. Not only will these programs bring savings your way, there may be some perks and other benefits that will help ease the expense or hassle of travelling abroad.