Sentence:  She has two bachelor's <WSD>degrees</WSD> and is studying towards a master's <WSD>degree</WSD>. 
Meaning of the word marked with <WSD> tags:  A stage of proficiency or qualification in a course of study, now especially an award bestowed by a university or, in some countries, a college, as a certification of academic achievement. (In the United States, can include secondary schools.) (from 14th c.)