Rejection, Inspiration, & Confession

I write here not only to celebrate inspiration and acceptance, but to express my writing journey on all fronts, including the inevitable rejections. I was recently denied a scholarship that I applied for, but was happy to find out later that I received grants and loans for my senior year. I also didn't get the editorial internship I wanted, but this may be a blessing in disguise. I need to earn more money than the pittance paid by the internship. Nevertheless these rejections have dampened by spirits a little bit.
Mounting financial problems have made me question the pursuit of my master's degree. There are many programs I want to apply to which have full funding and a stipend, but I wonder how we could even manage to move if I could get into one of these programs. Many of them have upwards of 600 applicants, and they allow for only 6-10 slots! I will be happy enough to finish my bachelor's degree at this point! I am still working as if I am planning to get my master's. I will take the GRE in hopes that I can apply in the fall, but even if I can't then, I will eventually, and the scores are generally good for 5 years.
I have been obsessed with my undergraduate research project. I am simultaneously reading Anne Sexton's biography, letters, and complete works. I also have 10 or so books waiting for me at the library. I have already written 8 pages of poems in a fever of inspiration. These are all very closely mirroring her confessional style in content. I have imitated her techniques such as heavy use of simile, assonance, anaphora, and other types of repetition and rhyme. I have also used her shorter line length and written one very lengthy piece which is 1,000 words. These early poems will hopefully merge into a more personalized
21st century version of confessionalism.
Meanwhile I and others have questioned my total immersion into Sexton's life and works. Given my own demons, is it wise to delve so far into such a tormented soul's psyche? The waters are deep and murky. For now, I close my eyes and take that plunge.