Turn to welcome couple of graduates in old school (4,5)
I believe the answer is:
alma mater
'old school' is the definition.
(I've seen this before)
I don't understand the rest of the clue.
Can you help me to learn more?
(Other definitions for alma mater that I've seen before include "Where one learnt" , "Where one learned" , "College one attended" , "Former college" , "College (person) attended" .)