graduand

Etymology
Attested since 1882. From, gerundive of.

Noun

 * 1)  A student who has completed the requirements for, but has not yet been awarded, a particular degree.
 * 2) * 2005, Mike Amos, Proud Return of the Pigeon Boy, Northern Echo (Darlington, UK); Jul 14, 2005.
 * In order to add jollity to the proceedings, said the dean, each graduand would find beneath his seat a little tub of bubbles, complete with mortar board cap.

Usage notes
A rather specialized term: since degrees are generally awarded shortly after requirements have been completed, this is generally a very short-term status (weeks to months), quickly changing to. Primarily used to refer to students at graduation ceremonies (as in the quote above), in Britain and similar Commonwealth school systems (Australia, Canada, Hong Kong, Malaysia, Namibia, Singapore). It has important legal implications for certain disciplines; for example, medical graduands are able to be registered to practise, and commence work as junior medical officers, before officially graduating at a ceremony which may occur some six months later.

In the US, the general term is generally used instead.