Useless college education?

Sadly you should have earned a BS in engineering and gotten a job working. Then after a few years of experience go for a Masters. So get off your soap box right now and what you can do now is apply for work as an engineer at entry level if you havent worked as an engineer yet. Hope for the best and expect to work at a lower level. I dont think the masters will hurt you, except for the large student loan you incurred.