Calculating School Grade Level From Grad Year

We’d like to have something that automatically populates what grade the student is in this year based on their expected grad year (the grad year doesn’t change, and the school grade level changes each year, so trying to avoid having to go back in and adjust the grade level each year…) any thoughts?

Something like this might work:

IF(
  {Grad Year} - YEAR(TODAY()) < 0,
  "graduated",
  12 - ({Grad Year} - YEAR(TODAY()))
)

Thank you thank you thank you!!

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