A student may not receive any diploma or certificate until all financial obligations have been satisfied in accordance with policies described under Financial Payment Information and Policies page. Any diplomas or certificates shall be retained by the University until all such obligations are satisfied. Release of any such student records prior to or subsequent to any default by the debtor shall not be considered a binding precedent or modification of this policy. Pursuant to California Assembly Bill 1313, as of January 1, 2020, Vanguard University no longer withholds educational transcripts.