### Clue: Graduate put out a reluctance, not new, to accept a diploma (13)
### Answer: BACCALAUREATE 
 ### Explanation: Definition: diploma
 BA(abbrev. for "Bachelor of Arts", a graduate) + **anagram of**(put out) "a reluctance" **minus**(not) "n"(abbrev. for "new") **containing**(to accept)A.