What does the term "highest qualification" mean? What does the term &quot;highest qualification earned&quot; or &quot;highest degree earned&quot; on applications mean? For example, if I am a current undergraduate student, does that mean my highest qualification is &quot;undergraduate degree&quot; or should it be my &quot;high school diploma&quot;?
Highest qualification means the most advanced (i.e., highest) academic award (e.g., high school, bachelor's degree, master's degree) that you've been granted (i.e., completed).

So, 


  if I am a current undergraduate student, does that mean my highest qualification is "undergraduate degree" or should it be my high school (12th grade)?


A current undergraduate student has not yet been granted that undergraduate degree, so the student's highest degree is from high school (assuming no other relevant qualifications).