Yes, grad is in the scrabble dictionary

...and is worth 7 points by itself.

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Grad Definition

noun

Informal A graduate of a school or college.
from The American Heritage Dictionary of the English Language, 4th Edition
Informal A student studying for a graduate degree, such as a PhD.
from The American Heritage Dictionary of the English Language, 4th Edition
One hundredth of a right angle.
from Free Scrabble Dictionary

residual

Gradient.
from Free Scrabble Dictionary

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Top Words by points

Points

drag

6

2 letter words with GRAD

Points

ad

3

ag

3

ar

2

da

3

3 letter words with GRAD

Points

dag

5

gad

5

gar

4

rad

4

rag

4

4 letter words with GRAD

Points

drag

6

grad

6

Found 11 words in 0.10932 seconds