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Well, 'what you should do' is completely your choice.It also depends on your aspiration.Before taking any decision,ask yourself:
1.Why do you want to drop a year?Do you want to sit for All India level entrance exam and try your luck at other eminent colleges? if yes,then you can drop a year.
2.As for joining college,it is your decision,let me help you with a few parameters that can help you to make an informed choice about a college:
Before joining, you can check:
-Whether the college is UGC recognized and offers AICTE approved program
-Whether the faculty is experienced
-Whether course structure is satisfactory
-Whether industry interface is frequent(organizing workshops/seminars)
-Whether placements are consistent
-Whether current students/alumni give a positive feedback about the college
Good Luck!

First check if you're suited for Animation. Animation is an art form and a very demanding career. It has ample opportunities for the creatively talented people. Typically you should have good sketching skills to be able to make a sound career in this. Nothing but your innermost talent and passion should lead you to the course and the institute you choose. Go speak to people over there and see if you like their philosophy and they change your perspective.Try their website for more details. Also remember that Animation requires good mentoring. Typically go for a school which offers all the information including faculty on their website. Wish you the best for your career. Remember, your Career is a resultant of your knowledge combined with your passion and expression ability. If you like this answer you may select it as best answer or press like.
Neelu Kapoor 9872546753, Centre Head, Arena Chandigarh, info@arenaanimationacademy.com, www.arenaanimationacademy.com, www.alumniarena.com