I wasn't allowed to get my license until I was 17. I had my learner's permit (meaning I had to drive with my parents) when I was 16 and then I could go for the test when I was 17. This only happened because I had taken three driving lessons with a trained professional. Otherwise, in the state of NJ you have to wait until you are 17 to get your permit and then you can go for your license at 17 1/2. I think even this is changing though and you are not able to go for your license until 18, no matter what.
Honestly, I had no need to drive anywhere when I was 14. At least not anywhere that my parents or a bus couldn't take me
Honestly, if they take away your license until you are 17, its really not that big a deal. That age will be there before you know it. I'm really surprised that your state allows people to drive at 14. I don't mean to sound condescending at all, but when I was 14, I was only a freshman in high school. It just sounds so young to me! (Again, I'm not saying you are immature, its just so young age wise...haha and I'm allowed to talk, I'm only 20!)
I've made so many mistakes in my short life (and yes, some of them may have been illegal!) Luckily I'm the type of person that learns from my mistakes and it seems like you are as well. Chances are they will probably suspend your permit for a while, and maybe the dat eyou are allowed to ge tyour license. It may seem like the absolute end of the world to you now, but I promise you (And cross my heart!) that it will not matter one bit in 4 or even 3 years. I was happy that I had gotten my license at 17, but if I had had to wait until I was 18 it wouldn't really matter right now.
I wish you the best of luck though! These things do make us stronger. We tend to over worry, stress ourselves out, etc...but in the end it will all pass and chances are you are worrying way too much. Just be extremely happy that no one was seriously injured. Cars can be replaced, people can't!
Oh, and I'll add this to my already very long post: I didn't have a car of my own until I was in my first year of college. I borrowed my parent's cars when I needed to, but they told me that if I wrecked one of them I was responsible for all the costs, I would have to pay my own insurance, etc. I never did have an accident, but I still paid for my own car. The fact that I had to earn the money and pay for it myself taught me a huge deal about responsibility. Honestly, I think it is a good lesson for kids to have to purchase their own vehicles. Not only will you respect that vehicle more, but you've also made the second largest investment you will probably ever make in your life!