Yeah, I'm planning on submitting a few apps to places that aren't exactly shoe-ins, but would be more likely to accept me than not, providing my grades, scores, and samples are decent. And they are. I think it's great that your school is actually incorporating stuff into the curriculum to prepare you for grad school apps. I'm lucky one of my professors became my mentor, essentially, and coached me through the whole process insofar as dos and don'ts.
Man, don't trash those stories completely. Aside from my opinions about them, you never know if you'll be able to salvage them one day, or at least borrow some information from them for another story.
Doomcifer: It is a mess - not to mention, expensive. For instance, several grad schools not only require a $50+ application fee, but also require at least one copy of an official transcript, which for me costs $7 a pop. Some schools require two copies. So, in doing math, that's anywhere from $570 to $640 to apply to 10 schools, factoring out any other expenses. Plus it's a bitch compiling all they need, and then dealing with incompetency when they lose shit.