Now that all MFA decisions have been made (4/1 being the deadline), you’re either entering a program in the fall, or in a slump after the frenzy of applications and rejections.
Take this as a gift of time to read more and widely. (This year marks my departure from primarily American and primarily realist literature. It’s a heathy divorce.) Much of contemporary fiction is flooded with mediocre stuff. Don’t add to it. Take a break from writing, and read outside of what you’ve been reading, or get to the stuff you know is great. And don’t lose hope. The important thing is that you create worthwhile work. Writing is a craft, and craft requires mastery. It doesn’t matter when or how long it takes. You don’t always have control over that anyway.