Undergraduate typically means someone working towards a first degree such as a BA (Bachelor of Arts) or BSc (Bachelor of Science). This includes HNCs, HNDs and Foundation Studies and Foundation Degrees.
• (n.) A member of a university or a college who has not taken his first degree; a student in any school who has not completed his course. • (a.) Of or pertaining to an undergraduate, or the body of undergraduates. Found on http://thinkexist.com/dictionary/meaning/undergraduate/