You can update the Grade field by entering their graduation year in the companion Graduation Year profile field. The Graduation Year profile fields allows the grade to update automatically each July.
If your student is held back or advanced out of schedule, you can change the grade accordingly and the new Graduation Year will calculate. In addition, if your mentee has graduated, you can still put the Graduation Year or just leave the field blank.
Here’s a grade to graduation year chart for the current & next US school years: