Ok, must make life changing decision by Monday!!!

I posted a while back about a Masters degree scholarship from the department of defense I might be offered but I must quit my current job in order to attend
.....Well I was offered it and must decide by Monday. Please give me any advice, suggestions, comments to help me make a more concrete decision in this as I am torn.
Pros:
Brick and Mortar school (University of New Mexico)
I will get a masters in IA in 1.5 years/3 semesters
I will have no distractions while attending school: aside from 2 children and a wife lol
I will get 2k a month stipend to attend college plus all fees/tuition paid for/insurance
I will network with individuals that hold very high security positions
Cons:
I must quit my GS-11 INFOSEC (DOD) job that makes ~$70k/yr but we could manage
I am not guaranteed a job after graduation, although they have not had any student not get hired upon graduation
I am not sure it will really give me any edge in INFOSEC
I think most students after graduation are aspiring to be in a position that I am already in (GS-11), I do not actually know if I will get a pay raise or step increase from where I am now working
.....There is something in me that tells me school is a great idea....especially free! But I do not know if this is the route that would have the best ROI. I am really torn on this any suggestions would help
Also, I would not get a masters degree working. If I was going to chase anything while I was working it would be the CISSP.
.....Well I was offered it and must decide by Monday. Please give me any advice, suggestions, comments to help me make a more concrete decision in this as I am torn.
Pros:
Brick and Mortar school (University of New Mexico)
I will get a masters in IA in 1.5 years/3 semesters
I will have no distractions while attending school: aside from 2 children and a wife lol
I will get 2k a month stipend to attend college plus all fees/tuition paid for/insurance
I will network with individuals that hold very high security positions
Cons:
I must quit my GS-11 INFOSEC (DOD) job that makes ~$70k/yr but we could manage
I am not guaranteed a job after graduation, although they have not had any student not get hired upon graduation
I am not sure it will really give me any edge in INFOSEC
I think most students after graduation are aspiring to be in a position that I am already in (GS-11), I do not actually know if I will get a pay raise or step increase from where I am now working
.....There is something in me that tells me school is a great idea....especially free! But I do not know if this is the route that would have the best ROI. I am really torn on this any suggestions would help
Also, I would not get a masters degree working. If I was going to chase anything while I was working it would be the CISSP.
Comments
This is what I'm thinking. It sounds like a program to get people in where you already are to me. Perhaps continuing to work and pursue a Masters and CISSP might be the best route for you.
Complete: 55/120 credits SPAN 201, LIT 100, ETHS 200, AP Lang, MATH 120, WRIT 231, ICS 140, MATH 215, ECON 202, ECON 201, ICS 141, MATH 210, LING 111, ICS 240
In progress: CLEP US GOV,
Next up: MATH 211, ECON 352, ICS 340
I just can't move past free school plus stipend. It's such a sweet deal, and would be a no-brainer if you weren't already gainfully employed and well into your career. I couldn't live on $24K a year without some changes and dipping into investments, but I know I'd take it if given the opportunity.
Complete: 55/120 credits SPAN 201, LIT 100, ETHS 200, AP Lang, MATH 120, WRIT 231, ICS 140, MATH 215, ECON 202, ECON 201, ICS 141, MATH 210, LING 111, ICS 240
In progress: CLEP US GOV,
Next up: MATH 211, ECON 352, ICS 340
2014 Goals: [ ] CCDP, [ ] CCNA Security, [ ] CCNP Security
2015 Goals: [ ] Finish BS in CIS, [ ] CCIE R&S Written
2016 Goals: [ ] CCIE R&S
Well in the GS levels a masters really is not required. As long as I have one good year at the GS11 level I am eligible to apply for GS12 positions. I am not really sure I want to stay DOD, I actually throw around the idea of teaching security one day. That is what makes this so hard, one one hand I see this as a free opportunity to attain my masters, on the other I can see this as a stepping stone....to right where I am lol.
You have a very valid point. Sacrificing my career for education might be a short term mistake. From what I can gather a masters in IA is NOT a mandatory requirement as of yet....thats not to say it will not be in the very near future
It sounds like you really want to quit work and go to school, but I would not.
If you honestly believe that a masters degree will have an impact in your career, and more importantly, in your growth as an IT professional, then I would encourage you to look at other programs so that you can enroll in school and maintain your current salary / lifestyle. Successfully completing a masters degree and the CISSP certification over the next 1.5 / 2 years is doable; however, it all depends on you. How badly do you want it? Judging from your post, you seem to have the drive so it's just a matter of choosing what to sacrifice, sleep or your family's well-being.
In any event, I wish you the best of luck. Regardless of your decision, stick to it to the end and do not give up!
There will always be more opportunities to further your education but sacrificing a opportunity to further your experience could easily be a mistake.
The masters will not give me upward mobility in my current situation but that would not be a problem because I would not be in this position if I took it. So what I have to look at is would the degree give me some sort of edge in the infosec career field. To that question I do not know the answer 100%
Well the current position I am in is self paced. In that I mean I do the auditing and vulnerability testing at my own convince. So when I get bored with my job it is usually because I am not doing my job lol. The job is challenging and the career field I am very interested in, but my job does not require a lot from me.
I can only speak from my personal experience, but the MS degree has done nothing for me. The infosec field is about what you know, not necessarily a piece of paper. Just my 2 cents.
FWIW, "Certifications
OSCE, OSCP, CISSP, GPEN, GCIH, GCIA, GCFW, GSEC, OWSP, CCNA, MCSE 2003" might have something to do with that, both from the knowledge studying for all that got you and from the credentials themselves. After all that, it's hard to say an MS in cybersecurity is enhancing anything for you.
Complete: 55/120 credits SPAN 201, LIT 100, ETHS 200, AP Lang, MATH 120, WRIT 231, ICS 140, MATH 215, ECON 202, ECON 201, ICS 141, MATH 210, LING 111, ICS 240
In progress: CLEP US GOV,
Next up: MATH 211, ECON 352, ICS 340
Quite frankly, credentials are irrelevant, at least in my opinion. It is what you know that should define you, as I know 20 year olds that can reverse better than most people with PhD's that I have come across. Would I hire them over people with MS degrees and no clue? You bet. It's sad that today's hiring decisions are being made solely on your credentials, as opposed to what you truly know.
Complete: 55/120 credits SPAN 201, LIT 100, ETHS 200, AP Lang, MATH 120, WRIT 231, ICS 140, MATH 215, ECON 202, ECON 201, ICS 141, MATH 210, LING 111, ICS 240
In progress: CLEP US GOV,
Next up: MATH 211, ECON 352, ICS 340
Edit: Just noticed your last line about not doing a masters while working. I have no idea about CISSP vs Masters but I wouldn't quit working for any degree/cert.
Truer words have never been spoken. Credentials can come in many forms, not necessarily in the form of certifications or degrees. Have you contributed to any open-source projects? Have you released any exploits or developed any tools? Can you link me to your GitHub repo so I can examine some of your work? In other words, look beyond keywords such as CISSP, etc.
It is not my intention to hijack this thread, I just wanted to provide a different respective to the OP.
By no means do I feel that you have hijacked this thread. In fact the discussions are very interesting, your opinion on contributions towards open source is very insightful. Although I do agree there is a certain criteria that must be attained to pass the initial scrrening process of a position, you make valid points on a candidate that has simply fulfilled requirements and a candidate that has contributed to the world...
Sadly, I feel most people go to college (at any level) primarily for the credential, or don't do their homework and think that the education is something it isn't. Do your homework and be damn sure you're getting more than a piece of paper and $36,000 for a year and a half of your life.
Complete: 55/120 credits SPAN 201, LIT 100, ETHS 200, AP Lang, MATH 120, WRIT 231, ICS 140, MATH 215, ECON 202, ECON 201, ICS 141, MATH 210, LING 111, ICS 240
In progress: CLEP US GOV,
Next up: MATH 211, ECON 352, ICS 340
Currently Working On: Python, OSCP Prep
Next Up: OSCP
Studying: Code Academy (Python), Bash Scripting, Virtual Hacking Lab Coursework
At 70k a year, I'm sure you can afford to take a few classes here and there for your masters. It's only around 30-36 hours IIRC so you could knock it out on the side in no time.
You have created threads outlining concerns you have regarding your inability to code and lack of networking knowledge. Why not spend time shoring those aspects of your skillset instead? In six months to a year you can get alot done and you won't have to put your career on hold.
If you don't really care to stay DoD, or DoD contractor, then the degree might not have much value to you. As such, the sacrifices you would make near term (loss of income and TIS) would not make up for the potential, long term upside. Potential, unfortunately, doesn't always pan out. When you add in the fact that you will, effectively, disappear for three terms, well, your wife and kids may not appreciate that very much. As one who had to spend roughly three years on deployments and temp duty, I have found it hard to regain the momentum and "territory" that I lost. You can't make up for lost time with family. Believe me, nothing hurts more than to have a conversation with family that starts out "remember when we went to...oh, never mind, you were deployed". Definitely something to consider deeply before deciding.
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This is what I'm doing now working full time and studying for a masters with Charles Sturt University .
I did just read that it was a scholarship so that does change things but does it have to be done fulltime.