Press Release: First Marblehead : First Marblehead Education Resources, Inc. Launches New Private Student Loan Program

MEDFORD, MA--(Marketwired - July 05, 2016) - The First Marblehead Corporation (NYSE: FMD) today announced that First Marblehead Education Resources, Inc. (FMER), a wholly owned subsidiary of FMD, has launched its new raise^ private student loan program. FMD and FMER developed the new program using over twenty years of proprietary private student loan performance data so that FMER may offer education funding options to a broader range of students than is addressed by the current market. The raise^ private student loan program provides borrowers with a compelling alternative to credit cards and personal loans, which previously may have been the only options for some students to fund their education.