Published on 23 November, 2015.
Guarantors will be released only when a loan beneficiary fulfills all obligations to the Trust.
- However when a loan beneficiary makes one-third payment of the total indebtedness one guarantor will be released.
- Two-thirds payment, two guarantors will be released.
- Full payment, all three guarantors will be released.
- A Release of Guarantor Letter will automatically be issued as certificate of discharge from student loan obligation.