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.
Diploma of Higher Education
The Diploma certifies that a student has achieved a minimum standard for 2nd Year courses in science and liberal arts. If a student is undertaking a full Bachelor of Arts, a Diploma of Higher Education marks two-thirds of their undergraduate degree. Thus allowing the British Diploma to rank ahead of the American Associate of Arts (which in American parlance is a two-year undergraduate, or half of a BA/BS). That being said, American universities generally consider UK Diplomas equivalent to a college level Associate of Arts even though a British student typically holds more credit hours (and therefore more study time) in the arts, humanities and/or sciences.