Yes, you could absolutely use that money to go on a post-teach-abroad jaunt around the world, but you could also use some of it to make those student loan payments.
Take a look in to that before giving up on this idea altogether.
It's a common misconception about teaching English that you need to know another language.
If you're a bit older, taking a year to teach abroad could help you switch careers -- so long as you choose a teaching gig that helps you with this.
For example, if you want to transition into international development, NGO work, or disaster relief, you could volunteer teach with refugees in Thailand.
Some mostly use recruiters to hire foreign teachers, others prefer you show up in person and go door to door.
What this means is, it's kind of confusing to know where to get started teaching abroad.
In reality, teaching by translation is the worst way to teach a language, and one of the most antiquated methods out there.
If you really want your students to acquire a new language, you'll have to show them, make them think about, and create a false-immersion setting. Of course, if you're teaching in a non-anglophone country, you absolutely should learn some of the local language.
In my time teaching abroad, I met colleagues from truly all walks -- college hippie dropouts, retired diplomats looking to start their twilight years, maternally-instincted nurses, former football coaches and players -- any type you can name each found a way to find the joy in teaching abroad. One of the primary reasons I considered it was to live abroad, and I started looking for other means to live abroad without having to teach,” Jessica explains. Okay, so teaching abroad sounds great, but that's not what you want to do as a career.