I agree: there is a world of difference between a well-meant if phoney 'graduation' and actually taking up a position in some college.
I was a student of the very imposing sounding Royal Scottish Academy Of Music And Drama, and guess what - I didn't graduate at all, and I am aware that there are issues surrounding a musician of Mr. Kaukonens staure getting out of his bed of a morning, let alone throwing on a gown and mortarboard in front of a crowd of vacant-eyed 21-year olds who think he's the janitor.
Where'd I hear this old gag? -
'that ther airplane band, they's all miming onstage!
- heck'n that dont matter nuthin Zeke, so's half their audience'