Learn English – Noun for word that means waiting for one last step

I infer from your edit that you are looking for a term for the status in general, which might be either negative (failing, probation) or positive (high merit). This sounds like an "academic level" or "achievement level". ("Grade" would be a reasonble substitution for "level" except that "grade" usually means what year you're in, e.g. 8th grade, so that could be confusing.)

If you want a single word and not a phrase (as implied by the tagging), would "readiness" work?

1. At the end of the semester (or trimester or quarter), the teacher is notified that final evaluations are due. This use of "final" is an established term of art which I can't change.
2. The teacher fills out the evaluation form. If he can't finish in one sitting, he can save a draft and come back to it later.
3. After the teacher is satisfied with his evaluation, he saves a non-draft version. This is where I'm looking for a word that isn't "final".

Save your "Completed Final Evaluation"

4. At some point after most of the finals have been submitted, an administrator reviews them, possibly changes some final grades (mostly situations where a student didn't complete something that is outside of the teacher's purview), then finalizes them. This part could also use some better vocabulary.

Save your "Approved Final Evaluation"

5. After step 4 has been completed, and not at any point before, the evaluated student can look at her final evaluation to see how she did.

"Released or Official Final Evaluation" or preferably "Final Evaluation" since in other states it is either in Draft, Completed, or Approved states. Without those qualifiers it is simply the Final Evaluation...