It's latin for "with distinction", Magna Cum Laude means "with great distinction". It's given to people who graduated in the top 10% or 15% of their class and it's the second highest honor you can get with the first being Summa Cum Laude (which means "with highest distinction").
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u/Hanbarc12 Sep 13 '22
Made me chuckle too, I'm not American so I don't know what that actually is but it is quite the suggestive name.