The 33-year-old actor and higher-education enthusiast graduated from NYU's Tisch School of the Arts on Tuesday with an MFA in filmmaking.
Another graduate snapped a TwitPic of the Oscar-nominee wearing his standard-issue purple robe and black mortarboard.
In addition to Franco's most recent degree from NYU, he has a degree in creative writing from Columbia. He's currently working towards an English doctorate from Yale University; the 127 Hours star has also studied poetry at Warren Wilson College in North Carolina and most recently was accepted into the University of Houston's doctoral program in literature and creative writing. He'll begin his studies in Houston in fall 2012.
"School is a way to take my other pursuits like directing and writing seriously," he told People last year. "I go to school because I love being around people who are interested in what I'm interested in," he added, "and I'm having a great experience."