What about one of those new fangled charm bracelets? Are the called pandora? You could put certain color beads to represent the high school or NHS (I assume they have colors ) and certain charms to represent her hobbies and then just keep adding to it slowly. I plan to skip the class ring with my boys. If I had girls I would definitely do the bracelet.
For portraits I would get the official graduation picture and if you wanted to fine someone in the area with a small photography business and get some casual pictures. Many people are in the sports photography/pregnancy/senior casual portrait business.
After Party I don't know what I would do.
