Yeshivas that strongly advocate against going to college don't seem to have a problem honoring college educated alumni. Are they valuing this money more than their hashkafa?
Edited:
I’m not sure honoring someone who does not yet dress modestly is such an issue. Perhaps they are a special person and relative to their upbringing they are worthy of being honored. It is their attendance and the problem with the environment that would create that is more of a problem.
Even if you would make the case that honoring an immodestly seeded person is in of itself a problem, I’m not sure that college is a valid analogy. The yeshivas may advocate against going to college because of the risk of the degenerate atmosphere negatively impacting even a small percentage of their students. (The risk is real-I attended Brooklyn College as a Talmid of one of the mainstream yeshivos and saw several fellow yeshiva students who were negatively impacted during their time there- and BC was a relatively ok atmosphere at the time as far as colleges go. A student who ignores the yeshiva, goes to college, and graduates with his yeshiva hashkafos intact, as the majority do, is still worthy of being honored.
Suppose the yeshiva prohibited extreme rock climbing during bein hazmanim due to the danger. Suppose a couple of students had actually lost their lives rock climbing in previous years. Does this mean that a student who disregarded the rule, went, and survived should forever be banned from receiving an honor at the yeshiva dinner?
Contrast this with a yeshiva honoring someone who is now going against the yeshivas hashkafa and by attending would create an environment that the yeshiva regularly advocates that one should not be present in if one can help it. That would be hypocritical. An accurate analogy would be a yeshiva giving a platform to a wealthy speaker who will espouse ideas that are antithetical to the yeshivas values. That would be hypocritical indeed.