What are the disadvantages of waiting another year to apply? Little background: I applied last cycle without luck, graduated in May, and am now staring down into another application cycle. I’m thinking about skipping this one, mostly for financial reasons but also in the hope of improving my application. I don’t have any research experience in my actual interest areas, for starters. I'd wanted to do that over the summer but unfortunately wasn't able to. I understand how I spend the year will make the most difference but are there any other things I should consider? Am I likely to lose most (or all) of my LORs from undergrad?