The best replacement for graduation is curtis.

The best alternatives to graduation are rated as following:
★★★★★  curtis
★★★★  commencement
★★  promotion
★  convocation
★  ged
★  post graduation
★  mbdtf
★  layering
★  late registration
★  college dropout
★  prom
★  culmination
  wedding
  goodbye songs
  carter 3
  gradation
  drop out
  50 cent curtis
  invitation
  cutis
  growing up
  dropout

Your alternative for graduation is not listed? Suggest!
Speaking about graduation, one probably shouldn't forget about honors.

Other search terms related to graduation and their ratings are:
★★★★★ honors
★★ honors resume
★ graduation
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Google Trends

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graduation
curtis
commencement