For purposes of these Terms and Conditions ("Terms and Conditions"), the following definitions apply: "Goal Financial", "we", "us", or "our" means Goal Financial, LLC, 1229 King Street, Alexandria, VA  22314. "You" or "your" means student loan borrowers of Goal Financial whose loans meet the eligibility requirements and who have elected to enroll in the Goal Financial Federal Consolidation Loan Interest Rate Reduction or Cash Back Rebate Programs.

"Program" means the Goal Financial Federal Consolidation Loan Interest Rate Reduction or Cash Back Rebate Program in which you have elected to participate.

"Enrollment Form" means the document containing these Terms and Conditions, which you must use to elect to participate in the Goal Financial Interest Rate Reduction or Cash Back Rebate Programs.

1. Eligibility is restricted to Goal Financial student loan borrowers whose loans:

-Federal Consolidation Loan applications were received on or after April 9, 2004 and before October 1, 2004; and

-Are in repayment status at the time of calculation of the reduction or rebate; and

-The Borrower has made the qualifying number of on-time payments; and

-The Borrower has elected at the time of funding to enroll in the Goal Financial Federal Consolidation Loan Interest Rate Reduction Program or Cash Back Rebate Program in lieu of any other available program.

2. You may enroll in the Goal Financial Federal Consolidation Loan Interest Rate Reduction or Cash Back Rebate Program only if you meet the eligibility requirements, have written in your desire to participate in the Goal Financial Federal Consolidation Loan Interest Rate Reduction or Cash Back Rebate Program in the "Additional Comments" section of the Qualification form, and sent it along with your Application to Goal Financial, PO Box 509110, San Diego, CA 92121.

In addition, to be eligible for the Cash Back Rebate Program, the Borrower must have a consolidated interest rate equal to or greater than 5.00%.

3. We accept no responsibility for late, lost or misdirected mail.

4. We base the Interest Rate Reduction on the initial interest rate and the Cash Back Rebates on the outstanding balance on your student loan at the time of funding as reported by your Lender(s).

5. We calculate Interest Rate Reductions and Cash Back Rebates on the first day of the month following the date you meet eligibility requirements.

6. We calculate the amount of the Interest Rate Reduction as follows:

- If your consolidated balance at time of funding is up to and including $60,000.00, then you qualify for a 1.00% Interest Rate Reduction after the first thirty-six (36), consecutive on-time payments.
- If your consolidated balance at time of funding is over $60,000.00, then you qualify for a 1.25% Interest Rate Reduction after the first thirty-six (36), consecutive on-time payments.

7. We calculate the amount of the Cash Back Rebate by multiplying the outstanding balance on your student loan at the time of funding by 1.00%, after the first six (6), consecutive on-time payments. We round Cash Back Rebate amounts to the nearest cent.

8. There is no minimum or maximum Cash Back Rebate you can earn. There is a minimum of 1.00% and a maximum of 1.25% Interest Rate Reduction you can earn depending upon your funded loan balance.

9. We base the program on you making the qualifying number of on-time payments. A payment is considered “on-time” if it is received no more than 14 days after the due date.  If we receive a returned check for any qualifying payment, the amount of the returned check will be added to your loan balance, and the payment will be considered late.  Periods of authorized deferment and forbearance are disregarded in determining which payment is the “first” payment and determining whether payments are considered “consecutive”.

10. You cannot combine payments from any other student loan to meet the qualifying payments requirement.

11. At time of calculation, we will calculate any Interest Rate Reductions or Cash Back Rebates only if you have elected to enroll in that program in lieu of any other available program and your student loan is open and in repayment status. The only exception to this is that you may apply for and receive a 0.25% interest rate reduction for making your payments by automatic debit, if set up directly with our servicer.

12. You can receive an Interest Rate Reduction or a Cash Back Rebate only once during the term of your loan.

13. Interest Rate Reductions will only be made and Cash Back Rebates will only be distributed if you are currently enrolled in that program, and your student loan is open and in repayment status.

14. If your account becomes any status other than in repayment, in forbearance, or in deferment for any period during your eligibility period, you do not have the right to receive an Interest Rate Reduction or a Cash Back Rebate and we will terminate your eligibility for participation in the program.

15. Customers enrolled in the Goal Financial Interest Rate Reduction Program are not eligible for Goal Financial's other loyalty or reward programs, including but not limited to the Goal Financial Cash Back Rebate program. Similarly, Customers enrolled in the Goal Financial Cash Back Rebate Program are not eligible for Goal Financial's other loyalty or reward programs, including but not limited to the Goal Financial Interest Rate Reduction program. The only exception to this is that you may also apply for and receive a 0.25% interest rate reduction for making your payments by automatic debit, if set up directly with our servicer.

16. We will notify you by mail of your Interest Rate Reduction. All interest rate reductions will be effective as of the day after the posting date of your thirty-sixth and qualifying payment.

17. We will pay the Cash Back Rebate by a check made payable to you that we will mail to you.

18. Goal Financial reserves the right to adjust Interest Rate Reduction or Cash Back Rebate amounts. For example, if you receive an Interest Rate Reduction or Cash Back Rebate in excess of the amount you should have received, we will adjust your interest rate and your loan balance for the erroneous interest rate reduction or award disbursement.

19. You should allow 6-8 weeks from the time you sent your qualifying payment for the notification of your Interest Rate Reduction or delivery of you Cash Back Reward check.

20. If we receive a returned check for any of your qualifying payments, the amount of the returned check will be decremented from your loan balance. Consequently, you do not have the right to receive an Interest Rate Reduction or a Cash Back Rebate and we will terminate your participation in the program.

21. You may not transfer or assign your Interest Rate Reduction or Cash Back Rebate.

22. Liability for any tax on any benefits provided to you pursuant to this program shall be your sole responsibility. We recommended that you contact your own accountant or tax advisor in this regard.

23. We provide the Program "As Is" and "As Available." To the maximum extent permitted by law, we disclaim all representations and warranties, express or implied, with respect to the Program, including, but not limited to, implied warranties of merchantability and fitness for any particular purpose and implied warranties arising from course of dealing or course of performance.

24. As a condition of participating in this Program, you agree that (1) all disputes that cannot be resolved between us, and causes of action arising out of or connected with this Program, shall be resolved individually, without resort to any form of class action, and exclusively by final and binding arbitration under the rules of the American Arbitration Association and held at the AAA regional office nearest Alexandria, VA; (2) the Federal Arbitration Act will govern the interpretation, enforcement and all proceedings at such arbitration; and (3) judgment upon such arbitration award may be entered in any court having jurisdiction. Under no circumstances will you be permitted to obtain awards for, and you hereby waive all rights to claim punitive, incidental or consequential damages, or any other damages, including but not limited to attorneys fees, other than your actual out-of-pocket expenses (i.e., costs associated with entering this Program). You further waive all rights to have damages multiplied or increased.

25. In the event that you claim that you are eligible for the Interest Rate Reduction or Cash Back Rebate but have not received it, then you must provide verification to our satisfaction as to your claim of an entitlement. All reduction or rebate claims are subject to our verification checks and procedures, as determined by us in our absolute discretion. We must receive all inquiries regarding claims within ninety (90) days of the date that you claim you became fully eligible for the Interest Rate Reduction or Cash Back Rebate.

26. You authorize us to disclose to third parties information you have provided, or information that we have obtained about you:

- To agents of the Program or its affiliates, such as independent auditors, consultants or attorneys; or
- To the extent required by law, including as may be necessary in order to comply with any government investigation or court order; or
- Where it is necessary for the redemption, processing, verification or transfer of your Interest Rate Reduction or Cash Back Rebate.

27. The Terms and Conditions of this Program are subject to change without notice. However, no changes will be made to this Program which would affect any benefits under this Program as offered to you when your loan was originally disbursed. 

28. The Terms and Conditions of this program are void where prohibited by law.

29. If a court of competent jurisdiction finds any provision of these Terms and Conditions to be void, then the court shall strike the offending provision while giving the remaining provisions full force and effect.

30. Goal Financial, LLC may suspend or terminate this Program at any time with or without notice and without liability to you or any other person. However, we will not suspend or terminate the Program for any borrowers who were eligible to participate in this Program at the time his or her loan was originally disbursed. .

31. The laws of the state of California shall govern and be used to construe these Terms and Conditions.