Drowning Nor Waving

I only have a writing MA, not an MFA, but to use those other three little letters IMO... don't do it. Unless you plan to teach. I think that the aura of "professionalism" around the whole deal had a lot to do with killing the fun of writing for me. It also depends on the type of program you are in, but I've heard the "don't do it" sentiment from enough people writing enough kinds of fiction and poetry to believe it's universal.