For most high schools and colleges in the area, the tassels have been turned and diplomas have been awarded.

Before graduates go off into the world, they head to graduation parties: their own, and those of their friends.

You may find yourself invited to many of these parties this month.

So, our question to you, is, "What is graduation gift etiquette?"

If you're the parent of a grad, you have your own son or daughter's graduation to contend with, and depending on your kids' plans after graduation, those plans and parties may come with a hefty price tag. Add in the invitations to a dozen of your kid's friends' graduation parties, and, assuming you're bringing a gift, things really start to add up.

If you're invited to a party, how do you determine what to give? Does it make a difference if it's a high school or college graduation, a family member, close friend, or an acquaintance? If you receive an invitation, do you send a gift even if you can't go? What's the going rate, if you're giving cash? What is expected? What do you think should (or shouldn't) be expected?

We'd love to start a conversation about graduation gift-giving etiquette. Surely, many of us are in need of it this month!