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Goal Financial's Federal PLUS, Stafford and Grad PLUS Loan
Payment Waiver Borrower Benefits Program
Terms & Conditions (last updated 09/06/2007)

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 3rd Floor, Alexandria, VA 22314. "You" or "your" means Federal PLUS, Stafford and Grad PLUS Loan borrowers of Goal Financial whose loan(s) meet the eligibility requirements. "Program" means the Goal Financial Federal PLUS, Stafford , and Grad PLUS Loan Payment Waiver Borrower Benefits Program.

Due to the recently passed College Cost Reduction and Access Act of 2007, Goal Financial, LLC has decided that it can no longer offer these borrower benefits; therefore, eligible loans must be first disbursed before 10/1/2007 to remain eligible for this offer
  1. A "Payment Waiver" is defined as an intentional abandonment of the final 6 (six) scheduled loan payments .
  2. Eligibility is restricted to Goal Financial Federal PLUS, Stafford and Grad PLUS Loan borrowers who:
    • Had their first disbursement of their first loan on or after May 24, 2006; and
    • Have made all scheduled payments on their loan up to the final 6 scheduled payments as outlined by their Disclosure Statement ;
    • Are not participating in any other Goal Financial Federal PLUS, Stafford , or Grad PLUS Loan loyalty or reward programs ; and
    • Do not subsequently consolidate this loan.
  3. We base the Payment Waiver on the schedule of payments as outlined by your Disclosure Statement .
  4. You can receive a Payment Waiver only once during the term of your loan .
  5. Customers enrolled in the Goal Financial Federal PLUS, Stafford, and Grad PLUS Loan Borrower Benefits Program are not eligible for any other Goal Financial Federal PLUS, Stafford , or Grad PLUS Loan loyalty or reward program s.
  6. We will notify you by mail of your Payment Waiver. All Payment Waivers will be applied at the beginning of your 6th (sixth) and final scheduled payment .
  7. Goal Financial reserves the right to adjust Payment Waiver amounts to correct calculation errors. For example, if you receive a Payment Waiver in excess of the amount you should have received, we will adjust your loan balance for the erroneous Payment Waiver .
  8. You should allow 15 days from the time you sent your qualifying payment for the notification of your Payment Waiver .
  9. You may not transfer or assign your Payment Waiver .
  10. LLiability for any tax on any benefits provided to you pursuant to this program shall be your sole responsibility. We recommend that you contact your own accountant or tax advisor in this regard .
  11. 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 .
  12. 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, Virginia; (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 .
  13. We shall not be liable for any loss or damage whatsoever which is suffered (including, without limitation, indirect or consequential loss), or for a personal injury suffered or sustained, as a result of your participation in this Program, except for any liability which cannot be excluded by law .
  14. In the event that you claim that you are eligible for the Payment Waiver but have not received it, then you must provide verification to our satisfaction as to your claim of an entitlement. All reduction 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 Payment Waiver. You agree to continue to make timely payments until the claim is settled .
  15. Our decision on all matters pertaining to this Program is final and binding .
  16. 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 Payment Waiver.
  17. The Terms and Conditions of this program are subject to change without notice.
  18. The Terms and Conditions of this program are void where prohibited by law.
  19. 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 .
  20. Goal Financial, LLC may suspend or terminate this Program at any time with or without notice .
  21. The laws of the state of California shall govern and be used to construe these Terms and Conditions.
You should direct any questions regarding this program to Goal Financial Customer Service at 888-696-5827.

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