Akki,
Unfortunately it seems dorms are often not the greatest, is there any opportunity to live off campus? You might be able to save some money that way as well, not to mention have a bigger/more spacious/private space. However, I am not familiar with the area around SCAD so that would need some verification. Before I think anyone will be able to give you information about job opportunities, I think the biggest question is what do you want to get out of a masters? What is your current undergrad degree in, and have you been working in the industry as an ID’er? I think at a masters level it may be important to define what your aspirations are and decide if there will be much benefit. Knowledge is always good in my opinion, but you may find yourself just wanting to get more experience and learning on the job.
Best of luck
AV