These are fees collected from students in their final year of high school or college. The funds typically contribute towards graduation-related expenses. For example, these monies might cover the cost of the graduation ceremony venue rental, diplomas, caps and gowns, or senior class gifts to the school.
The collection of these funds helps to alleviate the financial burden on the school or university. They allow for a more comprehensive and memorable graduation experience for the graduating class. Historically, these collections have provided a means for students to collectively contribute to their send-off and leave a lasting legacy.
