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Graduation is getting a diploma or academic degree or the ceremony that is sometimes associated with it, in which students become graduates. Before the graduation, candidates are referred to as graduands. The date of graduation is often called graduation day. The graduation ceremony itself is also called commencement, convocation or invocation. Normally, the ceremony and name apply to high school and above (the next ascending levels being Associate's, Bachelor's, Master's, and Doctorate). In the United States of America, graduations for elementary school or even Kindergarten have been a fad of recent years. When ceremonies are associated, they usually include a procession of the academic staff and candidates and a valediction. At the college and university level the faculty will usually wear academic dress at the formal ceremonies, as will the trustees and degree candidates.
"Graduation" at the college and university level occurs when the presiding officer confers degrees upon candidates, either individually or en masse, even if graduates physically receive their diploma later at a smaller college or departmental ceremony. After degree completion, graduates can be referred to by their graduating year.
In some places, graduation parties to celebrate graduation from school, college or university are popular. In a recent 2014 nationwide survey in the United States, $985 was the average amount spent on graduation parties. When a student graduates without attending the ceremony, then it is called graduation in absentia.

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