
You can download a pattern by clicking here. You lift up the mortar board and it's a pop-up card. Here's a look at the inside:

There are 2 pattern pieces. The first is for the cap...just cut one of those. For the second pattern piece...cut 2 pieces in black, then cut one piece on a fold to form the gift card (the red piece). Punch a 1/8" hole in the center of one of the mortar board pieces. Then insert the two ends of the tassel* through the hole and tape down in the back. Insert a brad through the same hole and fasten.

* To make the tassel, I used a "rattail" cord. I wrapped the cord around a 1-1/2" strip of cardstock 4 times, then removed it to get a "tassel" with loops at both ends. I threaded a 4" piece through the top loops and wrapped gold jewelry wire around the tassle...then I simply cut the bottom loops. Hope that makes sense...click on the picture to get a closer look at what I did.
Next I made 2 cuts through the fold of the card, and pushed the cut section in (as shown below):

Use double stick tape to adhere the 2 black mortar board pieces to the outside of the card. Then place a strip of tape along the top edge of the cap...this is where you'll position the mortar board onto the cap:

Now decorate the inside by taping down your image to the little tab you cut out in the card. You can use this card to attach to a gift...or punch a hole and tie onto a lei or a rose (as shown below):

Stamps used: #1401 (Graduation Monkey) and #2013 (Happy Graduation).