This question is mostly motivated by my personal situation but I'd like to see some other discussion around it as well.
Me first since it's my thread

I have almost 20 years in IT, a BS (WGU), a pile of older certs, MS, Cisco, CompTIA, a CISSP, and indexing books for a SANS course right now. I work in infosec, have a manager role but am still in the technical trenches as a lead and they never backfilled my engineering role. I have some tuition reimbursement and I didn't want it to go to waste. I figured I'd get a master's degree.
I have a busy life otherwise, help coach kid stuff, very demanding job, gym/martial arts, renovating a house, family. I'm not really one to just use all my time binging TV.
So, anyway, I started a master's in computer security at a state school earlier in the year, doing it remotely. I'm 30% in and completely overwhelmed by busywork. Things like forced and graded discussion posts where you have set word counts and citations required in every reply, I learned a bit in one class, but nothing I couldn't have picked up with a book and a Cybrary course. For reference I learned more usable info an a week long SANS conference than any 700 level class I've taken so far.
I'm not really one to quit most things, but I'm heavily considering quitting this. I even had to quit some of the extracurricular stuff I do because I'm just out of hours in the day, and that's not really the healthy option. Looking at my future 70% of the program I'm not even seeing any courses that I'm even looking forward to taking. At this point I'm just constantly stressed and annoyed I have more papers to write and assignments to do while my actual job and other training is suffering. Even starting to think about quitting this and focusing more on my job and certs is making me feel better.
I do some interviewing and hiring for security staff, and I've had a few people apply with MS degrees and I have to admit I've given then zero extra preference over people who didn't assuming experience and certs were reasonably equal.
So, for others out there that hire, or have some influence. How much weight do you give to someone having a related MS in the hiring process? I know a number of people locally in director level positions in F500s that said they required one and none of them have anything above a BS.