Thank you so much for the input @GreenEyedTrombonist and @fuzzylogician. You guys have given me a lot to think about and you both make such good points
For now, I think I'll continue to work on my application kit etc. But I'll hold off on submitting anything until I really think this through (though I feel like my heart is set. I'll wait to see if anything changes until then.)
I may end up waiting this out for a year. If things are still the same by then, I'll take it as a sign and follow through with the apps.
I've spoken to a number of faculty members at my previous university, but from them, I've also received conflicting advice. I only wish I could speak to someone who had gone through a transfer.