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It honestly depends on your major or field of interest. Me for example, I'm in IT and anything beyond a Bachelor's degree (in a lot of instances) is really worthless. IT fields are centered much more around actual experience, hands-on knowledge, and getting the broad scope of technology under your belt so you can perform practically and not by the book like most classroom settings guide people into.
This is partly due to technology changing so fast, partly that computers and technology can be learned outside of the classroom, and partly because, outside of software development (which is the front end to all technology and thus more creative and abstract), a lot of IT work has only a certain number of possibilities as to how it can work. So it comes down to memorizing and learning how to troubleshoot those problems or make something work as it should.
So yeah, a long winded answer to say: It depends on what you're going to school for.