wao..thanks everyone for the thoughtful replies...
yes i must admit i am getting cold feet. a large part of this is due to the fact that i'm writing my senior thesis at this point and am really exhausted with academic life. that's why i'm thinking of not gg to grad school immediately after graduation. i'm really confused now whether it is just a phrase and everything will be well after i hand in my paper, or that i do need to get out and experience the real life. right now i am stuck in this intense academic workload and i am scared of having to do it again.
with regards to jobs, i actually do have one lined up already with the public sector. ( i am an international student and my home country's economy is not really affected by the crisis.) that is why i am confident to say that my profile can only improve esp if i am applying to mpp programs again.
the school i have accepted would not allow me to defer so i need to reapply. i'm now afraid i might piss them off by pulling out at this point, esp after they have allocated me some funding....i still like the school very much..