Thanks for the reply,
Yeah with only a few hours of dual given (1 student really about ready for checkride ), free lance I would not be nearly ready for. I agree, I know at some FBOs you only get paid for the hours the student is with you which, as you said, involves lots of sitting around and not getting paid.
Master's is something I have considered... i already have a little bit of student debt (tried to avoid it as much as possible) which I'd like to get a little under control. Plus... I am a little burnt out from school. Maybe if I started a degree that would help because knowing its almost over is kind of hard.