moosegod

Hi please help. I've applied to a few PhD. and Masters programs and haven't heard back from most but I got wait-listed for one PhD. program. Today I got accepted into the NYU Psychology M.A program after being rejected by the doctorate program and I wanted to know if it was worth enrolling in? I have 2 years of experience as an RA at a hospital and was hoping I could get into a decent PhD. program but if nothing works out should I accept the Masters program or would it be smarter to wait a year and apply to PhD programs in December? I'm the first one in my family to pursue higher education and I have nobody else to ask so I would really appreciate any input. Thanks a lot!