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June 15, 2016 07:00 PM

With “Pomp and Circumstance” still ringing fresh in her ears, Elle Fanning is already asking herself, “Now What?”

“It happened last night, literally,” the actress says of her cap and gown graduation ceremony from Campbell Hall, Los Angeles. “No more high school.”

At the tender age of 18, Fanning is a already a veteran of the movie industry, a much sought after actress with a slew of upcoming projects, but she is first and foremost still just a teenager, fresh off a milestone, trying to figure out her life.

“It’s like a new chapter for everyone,” she tells PEOPLE while attending the premiere of The Neon Demon in Hollywood.

“All my friends were talking about it last night where it’s like, are we adults? What are we right now?”

And while those questions seem pressing for a young mind, Fanning, who graduated alongside pal Ariel Winter and had her older sister, Dakota, in attendance, doesn’t have to answer them now. In fact she can focus on the little things, like what to sign in her classmates’ yearbooks.

“No ‘Have a good summer!’, she says with a laugh. ‘Have a good summer!’ is sooo boring. [It’s] more personal than that!”

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