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Article: First Marblehead Corporation to Provide Private Student Loan Services to the College Board.
- Article from:
- Business Wire
- Article date:
- May 31, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- The First Marblehead Corporation (NYSE: FMD), a leading provider of outsourcing services for private, non-governmental education lending, today announced it has signed an agreement to provide private student loan program services to the College Board. The College Board Connect Loan program will be marketed by the College Board's education lending sales force. Charter One Bank will serve as program lender, and will sell the loans into a First Marblehead-arranged securitization.
Daniel Meyers, First Marblehead's Chairman and CEO, commented, "First Marblehead is excited to provide our services to the College Board, one of the oldest and most respected ...