Standard document variously biased towards graduate (3,5)
I believe the answer is:
pro forma
'standard document' is the definition.
(I've seen this before)
'variously biased towards graduate' is the wordplay.
'variously' becomes 'pro' (I can't justify this - if you can you should give a lot more credence to this answer).
'biased towards' becomes 'for' (being for something).
'graduate' becomes 'MA' (abbreviation for Master of Arts).
'pro'+'for'+'ma'='PRO-FORMA'
Can you help me to learn more?
(Other definitions for pro forma that I've seen before include "Invoice" , "in a prescribed manner" , "In a set manner, a formality only" , "Document to be filled in" , "as a matter of politeness" .)