Background and Statement of Interest
           
Goal Financial has sponsored six securitizations trusts to finance its funding of student loans made to consumers.  Of these; the following securitizations trusts issued Auction Rate Notes:  Student Loan Consolidation Center Student Loan Trust I, Education Loan Asset-Backed Trust I, Higher Education Funding I and Goal Capital Funding Trust 2007-1 (the “Trusts”).   Under the Indentures of Trust (as amended) for the Trusts, certain auction procedures are used to determine the interest rates on the Auction Rate Notes.  The auctions conducted by various Broker Dealers also enabled investors and potential investors to purchase and sell Auction Rate Notes at these auctions.

The respective Indentures under which the Trusts’ Auction Rate Notes were issued permit each Trust to purchase Auction Rate Notes from time to time, as conditions permit from qualified investors (QIBS and accredited institutional investors) on a limited basis.  Qualified investors wishing to sell Auction Rate Notes may contact Goal Financial to make an offer to sell such investor’s notes to the applicable Trust.  If there is sufficient interest, the applicable Trust may, but has no obligation to, seek to negotiate a mutually acceptable sales price and agreement for the repurchase of those Auction Rate Notes.  Please note this is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell any of the auction rate notes issued by any Trust.
   
Current Market Liquidity is Reduced for Auction Rate Notes

During the subprime mortgage and credit crisis, most such auctions, including those for trusts sponsored by Goal Financial, began failing to fill all orders to sell.  To the knowledge of Goal Financial, since the first quarter of 2008 there has not been an active trading market for Auction Rate Notes issued by the Trusts and Auction Rate Securities have continued to have unprecedented liquidity problems.   Goal Financial cannot predict and can provide no assurance whether or not successful auctions will resume or whether any auctions will again function fulfilling all orders to sell in the future for student loan backed Auction Rate Notes.

Several Broker-Dealers have announced that they have entered into settlement agreements with various regulators, including the New York Attorney General and/or the Securities and Exchange Commission, in respect of past sales of certain auction rate securities.  Goal Financial understands that, pursuant to such Settlement Agreements, some of these broker-dealers have made or will make an offer to purchase auction rate securities from certain holders of auction rate securities.  Some settlement offers are not available to large institutional investors and other categories of investors and some of the Settlement Offers may have already terminated.  Goal Financial encourages all investors to contact their Broker or Dealer to determine whether they are eligible for a pending or proposed future settlement offer. 

How to Contact Goal Financial

If you would like more information regarding making an offer to sell your Auction Rate Notes, please contact Ken Ruggiero at Goal Financial Investor Relations.

Ken Ruggiero
Goal Financial Investor Relations                                   
(619) 684-7218                                              
sgarland@goalfinancial.net           

How to Contact our Partners

If you would like more information regarding offering your securities for purchase, please contact our Partners at the email or phone numbers below:

Kevin O’Connor
SecondMarket
212-668-6672
koconnor@secondmarket.com

Brian Sweeney
Kildare Capital
(610) 254-1713
bsweeney@kildarecapital.com