; (iv) releases all financial holds placed on student records and, for the 3-year period beginning on the date of the closure of such institution or institutional location, provides each student (including each student who withdrew from such institution during the 180-day period prior to the date of such closure) with the student’s official transcripts and complete academic records at no cost to the student; (v) provides students with information, using standard language developed by the Secretary under subsection (b), regarding— (I) the benefits and consequences of choosing to— (aa) continue the student’s studies by transferring to a teach-out institution; and (bb) receive a closed school discharge under section 437(c)(1) and section 464(g)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1087(c)(1) ; 1087dd(g)(1)); and (II) if applicable, information on institutional and State refund policies; (vi) provides students with information about additional tuition and fee charges, if any, at the teach-out institution