Hell, yes. Pure terror. It's not so much a fear of "what am I going to do," but rather, a nagging fear of the shame that might accompany being rejected by the programs I'm applying to. Part of applying to any school-whether one wants to admit it or not-is asking oneself the question: am I good enough to get in? Perhaps that seems silly, but it is very much a lingering question for me. Socratic method helps: "Am I still intelligent and hard-working if I do not get into graduate program x, y, and z?" Fatalism is somewhat comforting. The die is cast. Only Fortune knows. None of those approaches really drive out any of that fear, at least for me.
In a few months I'll know. And, regardless of whether or not I am chosen, by July--just 7 months from now--my life will be nothing like it is right now: from the chair I sit in to the bed I try to sleep in every night to my idea of what the future could look like.
It's never what we know that is really terrifying. It's what we don't know...and the worst part of not knowing?
It's that we don't know what we don't know.