I am currently working on my Masters in English Literature and anticipate graduating in November 2013. I will be done with my class requirements fall 2012 and solely working on my Masters thesis. My concern with submitting applications for fall 2013 is that 1) my application will only reflect my gpa through summer 2012 which would likely still be a 3.67 (A-). If I continue to earn A's in my final two courses and my thesis, my gpa would be a 3.76. I know this is only a small difference but it is the small differences that determine acceptance vs rejection. 2) If I submit in fall 2014, I could take a few extra courses and finish with a 3.82 and make the Dean's List. It would also give me additional time to focus on both GRE exams. The downside to waiting an additional year is I feel like I'm stuck in limbo. I am 31 years old. I received my bachelor's degree at age 20, nearly 11 years ago. I worked for several years before returning to graduate school. There is a part of me that feels if I wait until fall 2014, my focus will no longer be on school. Whereas, right now my focus is entirely on school and succeeding. For those of you that have applied (and reapplied) to PhD programs, did you feel you fared better by waiting an additional year?