10. The hoardes of rich parents dotting on their obnoxious children.
9. The hoardes of rich parents meandering around campus examining things.
8. The hoardes of extra people in my sleepy town.
7. The fact that I can't jog on the track because it's being used to seat hoards of said people.
6. The astronomical cost of renting a gown, because the school assumes we are all born of rich parents.
5. The astronomical cost of everything surrounding graduation, from pictures, to videos of the ceremony, to hotels this weekend, to picture frames plaited with gold to house the diplomas.
4. The excessive number of social functions at which one is expected to 'make nice'.
3. The fact that the gowns are ugly colours and are warm enough too fend off frostbite on a windy night in the arctic.
2. Sitting through speeches.
1. The cameras ready to catch you off guard at any moment.

Please feel free to add to the list.

I hate the speeches