Crossword Genius

Debauched rag do at uni -- students looking forward to it? (10)

Ross

I believe the answer is:

graduation

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'students looking forward to it?' is the definition.
I can't tell whether this defines the answer.

'debauched rag do at uni' is the wordplay.
'debauched' is an anagram indicator.
'rag'+'do'+'at'+'uni'='ragdoatuni'
'ragdoatuni' anagrammed gives 'GRADUATION'.

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(Another definition for graduation that I've seen is " Successful completion of study".)

I've seen this clue in The Telegraph.
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