alumnot
A person who claims to have graduated from a school or series of schools, but in fact, has fallen a bit short. In some cases, the student may have been a few credits shy of graduating, because if they took those classes then the man wins. alumnot.
If didn't skip that English 300 class at (insert generic art school) I would have been an alumni, but instead, I am an alumnot: By choice, though.