Wow, this was me a few years ago. I had a 13 year hiatus before going back for my Masters. My husband is the sole provider for our family and he is established there so my only options were universities that were local. I used a one work reference and the rest were references from my volunteer work. I did not have any other options. My work reference was old but it was was okay. If it is meant to be it will be, you know what I mean. I studied for the GRE and everything. Yikes talk about freaking out! I started my program as part time because I wasn't sure I would be able to handle three kids, a husband, my house etc. I'm now attending full time and it has worked out. Since my return to school, I too am considering my Ph.D and the time it would take to complete it and what that would mean for my family. I would like to attend a different university however if I am not able too I wouldn't feel bad completing my Ph.D from the same university where I pursued my Masters. I would NOT go for a second bachelors degree. I would probably take one or two post bac classes to get my feet wet as a non degree seeking student then I would use those professors as references and apply for my Masters. Best of luck to you.