What overarching piece of financial advice would you bestow upon prospective students who are a couple of years away from applying to Yale SOM?
Plan ahead. Realize that you want to apply to go to business school in a couple of years. Get rid of as much debt as you possibly can. In the case of credit cards, pay them off. If you need to keep one for emergencies, understand that that’s really what you’re keeping it for. And I think all students should keep track of their own credit ratings — I suggest that in the cover letter that goes out with our financial aid application. Any of the supplemental or private education loans are credit-based. It doesn’t happen often, but occasionally when a student comes to me and says, “Well, I can’t get that loan because I have bad credit somewhere along the line,” there really isn’t much I can do. There have been times when students have been able to work with a credit agency and determine that there was a mistake in their credit rating, however. And I’m glad that those students were able to get it straightened out. But if you find all of these things out before you get here, it certainly mak
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