Awfully smart, set for a degree (6,2,4)
I believe the answer is:
master of arts
'degree' is the definition.
(Master of Arts is an example)
'awfully smart set for a' is the wordplay.
'awfully' indicates an anagram.
'smart'+'set'+'for'+'a'='smartsetfora'
'smartsetfora' is an anagram of 'MASTER OF ARTS'.
(Another definition for master of arts that I've seen is " MA in full".)
I've seen this clue in The Times.
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