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 Principal Reduction Borrower Benefits Program.

Due to the 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.      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 before 10/1/2007; and

·       Are in repayment status at the time of calculation of the reduction; and

·       Have made the first thirty-six (36) consecutive payments on their loan on time; and

·       Do not subsequently consolidate this loan.

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

3.      We base the Principal Reduction on the outstanding principal balance as determined by the corresponding Disclosure Statement(s).

4.      We calculate Principal Reductions on the first day of the month following the date you meet eligibility requirements.

5.      We calculate the amount of the Principal Reduction as follows: after the first thirty-six (36) consecutive on-time payments, you qualify for an 8% Principal Reduction.

6.      A payment is considered "on-time" if it is received no more than 7 days after the due date. If we receive a returned check for any of your qualifying payments, 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 in determining whether payments are considered to be "consecutive ".

7.      Payments made on any other student loan(s) are not applicable for this benefit.

8.      You can receive a Principal Reduction only once during the term of your loan.

9.      Principal Reductions will not be applied at any time after you become more than 7 days delinquent in repaying the loan.

10.    Customers enrolled in the Goal Financial Federal PLUS, Stafford, and Grad PLUS Loan Principal Reduction Borrower Benefits Program are not eligible for any other Goal Financial Federal PLUS, Stafford, and Grad PLUS loan loyalty or reward programs - including the Payment Waiver benefit. 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.

11.    We will notify you by mail of your Principal Reduction. All Principal Reductions will be effective as of the day after the posting date of your first thirty-sixth consecutive on-time payment.

12.    Goal Financial reserves the right to adjust Principal Reduction amounts to correct calculation errors. For example, if you receive a Principal Reduction in excess of the amount you should have received, we will adjust your loan balance for the erroneous Principal Reduction.

13.    You should allow 6-8 weeks from the time you sent your qualifying payment for the notification of your Principal Reduction.

14.    You may not transfer or assign your Principal Reduction.

15.    Liability 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.

16.    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.

17.    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.

18.    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 .

19.    In the event that you claim that you are eligible for the Principal Reduction 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 Principal Reduction.

20.    Our decision on all matters pertaining to this Program is final and binding.

21.    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 Principal Reduction.

22.    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.

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

24.    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.

25.   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.

26.   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 866-290-4222.