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You don't have to apply right after high school, you can wait years if you wish.
In fact, you can apply up to the age of 23 (you cannot be 23 on R-day).
But...
You can only apply to the "next years" class. If you are ready to enter with the class of 2013, apply now for a class of 2013 appointment.
If you want to wait a year, go ahead, but don't apply for an appointment until you are ready to accept.
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