There's three outcomes that I've thought of, that I'll likely be pursuing.
1) you get accepted somewhere, anywhere, to one or more programs. Victory! Doesn't mean you're great but it does mean you got lucky and you need to spend the next 2-4 years wisely using the time to make the best work you can + make the best connections. Getting in is just the start.
2) you get wait listed to one or more programs, but no acceptances. Time passes, April comes and goes, and you don't get in from the wait list. This proves you have the chops, but the system is very subjective. Maybe you can write something a bit better, work on your sop some more, and reapply to the wait listed schools + different ones next round, and hope that whoever reads your submissions this time vibes just that 10% more that you needed to get in. If you don't get in on the second round, move on to actions below.
3) denials all across the board. Again, the process is subjective. This doesn't mean you suck but it does probably mean that your writing/sop/academic history isn't suited for what the MFA's are looking for. Time to pivot. Get/maintain a day job that's disposable, join a writing group, finish a novel, find an agent, publish some work, enjoy the process. Writing will likely never even be the day job for those who got into the MFA's, so don't expect it to be yours.
I use second person here, but I'm really talking about myself and how I'm going into this whole process. The acceptance rate of all the schools i applied to are 1-5%. I'm preparing for the most statistically likely outcome: all denials. That doesn't mean my work stinks, it just means I applied to a very unlikely subjective lottery.