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Local student loan business a family affair: two lenders are brothers; their father helped to found another firm.

Publication: San Diego Business Journal
Publication Date: 27-JUN-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Local student loan business a family affair: two lenders are brothers; their father helped to found another firm.(Finance)(Goal Financial LLC)(Educational Lending Group)(Company Profile)

Article Excerpt
With a June 30 deadline looming to lock in lower fixed rates on consolidated student loans, the people at Goal Financial LLC are busier than ever.

The San Diego-based lender specializes in making federal guaranteed student consolidation loans, essentially refinancing multiple student loans at variable rates and converting it to a fixed rate over the full term.

"We had a record week last week and this one coming up we should break that record in terms of loan applications," said Ryan Katz, Goal Financial's chief executive and co-founder.

Three-year-old Goal Financial fielded about $100 million in loan applications for the week beginning June 13, he said.

Coincidentally, Ryan's older brother, Cary, is in the same business. He heads up another privately held student loan company in San Diego called College Loan Corp., which is also seeing a surge in business in recent weeks, driven by the impending increase on interest...

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