The options are:
(1) Primary school only, (2) High school, no degree, (3) High school degree, (4) Vocational school, (5) Some university courses, (6) University degree, (7) Some graduate level courses, (8) Master degree, (9) Some doctorate level courses, and (10) Doctorate degree
You did not explain yourself properly;
Do you mean option (5)? because that means that you are currently an undergraduate at the time of entering the lottery and have not attained your actual final degree yet from the university. (i.e. graduated)
Option (7) means you have your degree (bachelor's) and have either some form of polytechnic diploma or are currently doing a Masters but have not attained at the time of entering the lottery.