It's a competition thing. The standard applicant is going to have 3 years of experiences, grades, and time to develop relationships for LOR's. You'd be going in with only 2. That's a 50% temporal advantage they have over you. If you were to take a "gap year" and do something significant during that time and apply "on-time" so to speak, then you'll at least be even.
I think you slightly misunderstand the timeline. From what I gathered, the OP is currently working on their junior year (already have 2 done) and is considering graduating at the end of their junior year, Or something like that. Meaning, they'd have the same 3 years everyone else has, he/she just isn't in undergrad during the application process. Like, graduate May, apply june-october or whatever.
😛 Whenever anyone asks me this, I always end up telling them the same thing.
I was ready to graduate after 5 semesters (thanks to AP credit) but opted to take slightly lighter course loads junior year and take on a minor (english <3). Even with that, I'm still at well over 120 credit hours (took 18 credit hoursevery semester except junior year and came in with ~30). Rather then spend 25 grand on another semester, I'm graduating in December (<60 days, yayayayay). The key is what you plan on doing with your gap time. For me, I am having a fairly intensive knee surgery in Dec/Jan so I'm taking 2 months to heal then try to find a job as an EMT-b. As long as you have something to say about your gap time, go ahead and do it!
The biggest regret I have from undergrad is not graduating early. I could in medical school now if I hadn't listened to everyone telling me to "slow down!". As a result, I've spent unnecessary money taking classes I don't really need or want to take.
🙁 C'est le vie.
On a lighter note, I'm watching the newest episode of castle and this made me laugh histerically:
"She [victim, a resident at the local hospital] started making payments on her 440,000 dollar student loan."
"That's how much it takes to become a doctor?! Glad I became a cop!"