| The Guarantors |
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- The beneficiary is required to have two guarantors, of
whom the first guarantor must be the beneficiary’s parent or
guardian.
- The guarantors must be Malaysian citizens aged 21 and
above.
- A contract is to be signed between the guarantors and
the Carlsberg Hua Zong Education Fund (CEF).
- In the event of the beneficiary’s failure to make
repayments after completion of the course, the guarantors
are obliged to make repayments on behalf of the beneficiary.
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| The Beneficiary’s Responsibilities
& Obligations During The Loan Period |
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- Photocopies of academic transcripts for all semesters
are to be submitted to the CEF by the beneficiary at the end
of each academic year. The Fund Management Committee will
release the study loan for the new academic year upon
receiving the transcripts.
- Upon completion of the course, certified copies of the
final semester’s or academic year’s transcripts are to be
submitted by the beneficiary to the Fund Management
Committee to be kept as records.
- Upon completion of the course or in the event that
she/he is unable to complete the course, the beneficiary
must write the CEF to notify them of the date of graduation
or termination of the course, as well as provide a complete
correspondence address (particularly the beneficiary who
studies abroad).
- In the event of an improvement in the financial
condition of the beneficiary’s family, or the receipt of any
other scholarships or study loans, the beneficiary must take
the initiative to write the Fund Management Committee to
cease receiving the CEF loan.
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| Cancellation of Loan |
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The CEF reserves the right
to terminate and recall the loan released to the beneficiary
under the following circumstances:
- The beneficiary has submitted application details that
are inaccurate.
- he beneficiary is transferred to another institution, or
has switched courses, or has terminated the course without
first getting the letter of approval from the Fund
Management Committee.
- the beneficiary has neglected his/her studies, failed in
examinations or is retained.
- the beneficiary is expelled.
- the beneficiary is involved or has participated in
activities that are against the institution’s rules and
regulations, or in activities that are against the law of
the country where the course is undertaken.
- the beneficiary is involved in activities that are
against the Universities & University Colleges Act.
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