Undergraduate degree
An undergraduate degree (also called first degree, bachelor's degree or simply degree) is a colloquial term for an academic degree taken by a person who has completed undergraduate courses. It is also an oxymoron, since one cannot hold a degree as an undergraduate. In the United States, it is usually offered at an institution of higher education, such as a college or university. The most common type of these undergraduate degrees are associate's degree and bachelor's degree. Bachelor's degree typically takes at least three or four years to complete. These degrees can be categorised as basic degrees.
Graduate diploma
A graduate diploma (GradD, GDip, GrDip, GradDip) is generally a qualification taken after completion of a first degree, although the level of study varies in different countries from being at the same level as the final year of a bachelor's degree to being at a level between a master's degree and a doctorate. In some countries the graduate diploma and postgraduate diploma are synonymous, while in others (particularly where the graduate diploma is at undergraduate degree level) the postgraduate diploma is a higher qualification.