Complex sentence: A student must have Master's degree in order to enroll in a Doctorate degree program; unless VIU is one of those fly-by-night educational outfits that grant anyone (for an expensive fee) a degree for life experience.
Split into simpler sentences: A student must have master's degree in order to enroll in a Doctorate degree program. Unless VIU is one of those fly-by-night outfits that grant anyone (for an expensive fee) a degree for life experience.