Here is my situation. I have applied to 20+ schools, and it seems that the absolute worst case scenario, namely being only accepted to my home institution, is a real possibility.
A while back, I asked about the pros/cons of returning to my home institution (a top 20 school) for graduate school. But I now have another question. Should I view it as a failure on my part if I only have received an offer from my home institution and nowhere else ?