Advice please, should I cut it off now?

Kate
So I've been seeing this guy for around 2 months or so. He's amazing and honestly pretty much what I've been looking for. And I know he feels the same way about me. 
The problem is that, this summer, he goes back home to India, and I'm going to Cyprus for a language thing. And today he told me that he's thinking of taking a semester off in fall and doing a study abroad. 
This is a guy who I could see being serious potential for a long term thing, but the timing just seems so awful, should I cut it off now? I just don't know how to handle this...