ALEXANDRIA, Va., June 4, 2012 /PRNewswire/ -- Goal Financial, LLC ("Goal Financial") announced today that it has created a warehouse funding facility to facilitate the purchase of federal government guaranteed student loans and has expanded the purchases of such loans consistent with an acquisition strategy originally announced via press release in October 2010. Goal Financial expects that the acquired loans will be permanently financed via sales from the warehouse to one or more of Goal Financial's existing securitization master trusts, which include Education Loan Asset-Backed Trust I and Higher Education Funding I.
Jim Rothberg, Goal Financial's Treasurer, said "Our master trust structure provides us with an efficient financing option, enabling us to pursue loan acquisitions that would be uneconomic to other investors in the FFELP student loan sector."
About Goal Financial
Headquartered in Alexandria, VA, with offices in San Diego, CA, Goal Financial, LLC, a subsidiary of Route 66 Ventures, Inc. (d/b/a Goal Structured Solutions), has originated over $9 billion in federal government guaranteed student loans, and helped over 200,000 graduate and undergraduate students and their families manage their debt through federal and private loan programs. For more information about Goal Financial, contact Ken Ruggiero at (619) 684-7218 or visit www.goalfinancial.net.
Ken Ruggiero, President
Goal Financial, LLC
These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release are based on current expectations, estimates, beliefs, assumptions and projections.
Words such as "expects," "anticipates," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward-looking statements. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict. Actual outcomes and results may differ materially from what is anticipated, expressed or forecast in these forward-looking statements. Such risks include, among others, changes in the terms of student loans and the educational credit marketplace arising from the implementation of applicable laws and regulations, and from changes in such laws and regulations, adverse results in legal disputes, changes in the demand for educational financing, limited liquidity, increased financing costs and changes in the general interest rate environment.
Forward-looking statements speak only as of the date made. There is no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included in this release or that may be made elsewhere from time to time by, or on behalf of, Goal Financial.
SOURCE Goal Financial, LLC