How many credits should a grad student take per semester?

It varies by program and how long you want to take to get through.

As a PhD student I took three or four classes per term. As an MBA student, I took at least 15 credits.

For anything other than a PhD, you can look up the number of credits you need to graduate and divide by the number of terms (e.g., MBA, divide by four semesters, law school divide by six semesters, etc).

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15 is the normal amount. I wouldnt recommend taking less because then it will be longer for you to graduate and you could start to slack off. Also dont take all the easy classes first, either spread them out or save them till your last year.

I would recommend 12-15

That is what I did while working on both my MS & MBA