Each set comes with a cap, gown, and tassel. The pre-school sets also come with a Mother Goose certificate of diploma for the student. We can also put a year date charm on the tassel indicating the year that the child graduated. This is often done when the entire set, or at least the tassel, is given to the student upon his/her graduation. The following year, you would just need to purchase new tassels with new year charms. Pricing