same as what lolrko said but if you didn't fully understand.
If you have 100 graduates it doesn't necessary mean you will get honor buffs,
The best way is to level a character from 1-40 to get all 39 points. that way you are sure that someone with 10 graduates (bronze buff) will lose his once you get 11+.
I spent a long time doing this when I figured out how to get the buffs, It is sorta worth it.
Be aware of the " none existent " Academy bug, (not the one that if you join a delvld lv40 that is lv39 you can't login) but another I encountered, And a friend too,
We aren't really sure how it happens, but
When I was leveling at penons once, with the buffs being sent, noob kept dying, And then he d/c.
When he logged back in, I tried killing penons and I would get c++ error.
So I re-logged and tried again, same error. The only way to stop this is to cancel your
Academy (really bad if you have 100+ and so on.)
Be careful.
Have fun.
Error.