What are you going to do after getting accepted?

Feel free to disagree, but I felt that the time between leaving my job and starting my MBA was on par with when I was 5 or maybe even better - I was on top of the world: I was going to a great MBA program (something none of my friends did), I had a whole new world ahead of me (new life, new apartment, new relationships, etc). I did not have to worry about money too much (yes, I had loans but I would make millions after graduation, right?... I still have them). Bottom line, it was one of the best and stress-free times of my life. No family, no mortgage, no nothing - only upside ahead of me.

I had completely unrealistic expectations about business school but I did not know that back then. It was a time of adventure and excitement and a break in employment that was completely legitimate. I would highly recommend traveling or taking it easy for a bit. Bschool is tough (thought you can make it easy and just coast through - big mistake). You want it to be tough, and if you worked hard for a year - do relax. You need it, you deserve it, and chances are, you won't have a chance to do it until you are 65 (or perhaps 75, depends how social security works out)