Good food for thought! Thanks so much for your input... and I'm so sorry for clogging up the forum with my personal case; just figured that others might find this discussion useful, too!
Wake Forest's MA program is incredible and very generous with funding. It's obviously too late to apply this year, but if anyone is looking at options for next year, it's wonderful.
A little profile to add some perspective: I have 3 years of social psych research experience and will have 2 pubs by the end of this summer. I am fresh out of college (graduated a semester early; Dec 2014), and am currently a research associate at a top-30 school. My GPA is very good, as are my verbal/analytical GRE scores, but my quant score is a hair below the 50th percentile (which, as we know, can result in an app not even making the first cut). I was, strangely enough, considered at a top-5 school, but my POI told me he can't take a student this year. I'm also still waiting on (PhD program) decisions from a few more schools that had later due dates.
So, it's a tough decision! I'm just afraid that programs will become so competitive in a few years that even a master's degree won't override a bad GRE score :/ Would just love to know what people think about Albany's program-- I have nothing against it and am so thankful to have been accepted, but would like to have a little more info Thanks, everyone!