What's a Master's Degree Worth?

I'm enjoying a fascinating blog posting in the NYT about the value of a master's degree. Highly recommended.

A number of economists and education researchers say that the student debt problem, while real, has been overblown by the press and loan-forgiveness advocates, and that most students do not graduate with too much debt

But the debate presents difficult questions for young people, who face the most difficult economy since the Great Depression. Many have decided to go to graduate school, to wait out the storm. Several commenters on our forums even said they had no choice but to seek a master’s degree (and incur more debt), arguing that a B.A. today is the equivalent of having a high school diploma 20 years ago and more employers require a higher degree.

How do students know if a graduate education is worth it or not? What degrees are worth getting, and which are not? How does a student weigh the risks and benefits gain a higher education degree.

Read more here. (But see my advice about the article's purported "pay-off" of going to law school here and here.) And please share your thoughts!