<human>: Can you succinctly summarize the text in 1-3 sentences?

Throwaway account.

I was laid off a little under a week ago. I have been working for the past 3 years since my graduation from university with a degree in Written Communications - a useless liberal arts degree, I know. 

Over those years, I was lucky enough to have a job working for a small website making promotional and entertainment videos. Well, funding ran out and now I am in the unemployment line.

I have about 50k in college debt and a car payment, but very few expenses besides that. I live at home and pay minimal rent. 

I live in the Northeastern United States, and besides moving to New York, the job market is stretched pretty thin. Because of this I am considering returning to school to get my masters in a field that may be a little more practical. I have some ideas in mind, but I am unsure if this is wise with my current debt level. 

Basically, I am wondering what would be wisest - continuing the job search and hoping to find something in this horrible economy or go back to school and get a degree that may open new job opportunities with higher pay grades.
<bot>: I just got laid off and my current field (video production) is very competitive/has limited work. Should I go to school for a Masters in a more practical subject even with 50k in student debt?