I went into the master schedule to add a new one for the upcoming term and it would not save it nor would the normal "options" drop down appear. 

If a user chooses to have a tab for Master schedule in their main grid view, they would need to use the Quick Links menu to get to the Options and  “Add to the Grid” item.  Alternatively if someone does not have the tab added to their main view, they would access the “Master Schedules” from the “Quick Links” menu and there would be a drop down menu at the bottom of that window with the “Add to the grid” command.

See attached for examples of the two options described above.