Loyola confers degrees in May, August, and December. After grades are received, the university determines graduation grade point averages and distinctions. Subsequently, the Office of Student Records posts the degrees and distinctions to transcripts and provides the students with their diplomas. Diplomas and transcripts are not released until the student has discharged all financial and contractual obligations to the university and has completed the required senior exit survey. After a student has graduated, no change may be made in his or her record, except to correct a discrepancy (see Grade Reports) or as the result of a grade appeal (see Grade Appeals)