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cum laude (English: / kum ˈlaʊdeɪ / ), meaning "with praise", typically awarded to graduates in the top 20%, 25%, or 33% of their class, depending on the institution. [2] [3] magna cum laude ( / ˈmæɡnə / ), meaning "with great praise", typically awarded to graduates in the top 5%, 10%, or 15% of their class, depending on the institution.