The most common and most likely answer to this crossword clue is the 7 letter word REGRADE
I've seen this crossword clue in The Guardian
R
E
G
R
A
D
E
Buddy explains!

The straight part
We know that "to alter mark" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case to alter mark = regrade.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does REGRADE mean?
REGRADE verb- To grade again, give a new grade or grading to.
- To regroup or reassign.
- To change the classification of (potentially secret documentation).
- To retire or recede.