Do schools produce/raise/educate/graduate students?

Solution 1:

This one seems popular:

[...] our mission is to develop students [...]

The first Google hits:

Our mission is to develop students, staff, families, and parishioners in Gospel living through experiential learning.

Our mission is to develop students who are equipped to be well-rounded, ethical leaders in ...

Our mission is to develop students as life long learners through a balanced ...

Our mission is to develop students who are active in their learning, aware of their interests, and who seek to expand and explore their knowledge through ...

Our mission is to develop students who are committed disciples of Jesus Christ through an excellent, comprehensive, Biblically-integrated educational program.

Our mission is to develop students as Master Learners who are able to think on their ...

Our mission is to develop [students] with ...

Our mission is to develop students who are independent and ...

Our mission is to develop students who are active in their learning, aware of their interests, and who seek to expand and explore ...

Our mission is to develop students who make an active contribution as they ...

Solution 2:

Whereas everyday English would say 'educate', in the example you are using 'develop' is the right word.

'Raise' is not used for students. This word ('raising children') is only really used in a parenting sense, and to a British ear, is slightly American. You would never say a school 'graduated' (or for that matter 'matriculated')

Of course in the example you gave, it could mean that you are looking to find (or recruit) them, rather than what you do once they have joined.