Fitch Affirms Ratings on Goal Capital Funding Trust 2005-2

NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the senior student loan asset-backed notes at 'AAAsf' and the subordinate student loan asset-backed note at 'BBBsf' issued by Goal Capital Funding Trust Student Loan Asset-Backed Notes, Series 2005-2. The collateral supporting the notes is consolidation student loans originated under the Federal Family Education Loan Program (FFELP). The Rating Outlook is Stable. A full rating list is shown below.

The ratings on the Goal Capital Funding Trust 2005-2 senior and subordinate notes are affirmed based on sufficient level of credit enhancement to cover the applicable basis factor stresses. Credit enhancement consists of overcollateralization, subordination, and projected excess spread. The senior class A notes benefit from the subordination provided by the lower priority note.

The loans were originated by Goal Financial LLC. The trust is serviced by Great Lakes Education Loan Services Inc. and ACS Education Services Inc., neither of which are rated by Fitch.

Fitch has affirmed the following ratings:

Goal Capital Funding Trust Student Loan Asset-Backed Notes, Series 2005-2:

--Class A-1 at 'AAAsf/LS1'; Outlook Stable;

--Class A-2 at 'AAAsf/LS1'; Outlook Stable;

--Class A-3 at 'AAAsf/LS1'; Outlook Stable;

--Class A-4 at 'AAAsf/LS1'; Outlook Stable;

--Class B at 'BBBsf/LS3'; Outlook Stable.

Additional information is available at www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Fitch to Begin Review of U.S. FFELP SLABS Applying Updated Criteria', dated June 29, 2010.

--'Global Structured Finance Rating Criteria' dated Aug. 16, 2010.

--'Rating US Federal Family Education Loan Program Student Loan ABS', dated April 7, 2011.

Applicable Criteria and Related Research:

Global Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=547326

Rating U.S. Federal Family Education Loan Program Student Loan ABS Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=616766

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