Spiritual Meaning:
Dreaming of graduating has the same spiritual significance as winning an accolade and of initiation.

Psychological / Emotional Perspective:
To graduate is to have reached a certain stage of knowledge or proficiency and in dreams, particularly on an emotional or psychological level suggests an element of self-control.

Everyday Material Aspects:
Taking part in a graduation ceremony means we are receiving acknowledgement for our proficiency in having completed a project or task. We are now ready to move on to the next stage.

You might like to consult the entries for Initiation and Win / Winning.