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First Marblehead to Release Third Quarter Fiscal 2014 Financial Results and Host Conference Call

BOSTON, MA -- (Marketwired) -- 04/29/14 -- The First Marblehead Corporation (NYSE: FMD) plans to release its third quarter fiscal year 2014 financial and operating results for the three and nine month periods ended March 31, 2014 after the market closes on Tuesday, May 6, 2014. The Company will host a conference call at 5:00 p.m. Eastern time on Tuesday, May 6, 2014 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Ken Klipper will host the call.

Investors and other interested parties are invited to listen to the conference call via a simultaneous internet broadcast on the Company's website at www.firstmarblehead.com, under "For Investors," or by dialing (888) 317-6003 from the United States or (412) 317-6061 from abroad and entering the pass code 8100907.

A replay will be available approximately one hour after completion of the call on First Marblehead's website or by dialing (877) 344-7529 from the United States or (412) 317-0088 from abroad and entering the pass code 10045269. The replay will be available for two weeks.

About The First Marblehead Corporation First Marblehead helps meet the need for education financing by offering national and regional financial institutions and educational institutions the MonogramĀ® platform, an integrated suite of design, implementation and credit risk management services for private label, customizable private education loan programs. For more information, please see www.firstmarblehead.com. First Marblehead supports responsible lending and is a strong proponent of the smart borrowing principle, which encourages students to access scholarships, grants and federally-guaranteed loans before considering private education loans; please see www.SmartBorrowing.org. Through its subsidiary, Union Federal Savings Bank, First Marblehead offers private education loans, residential and commercial mortgage loans and retail savings, money market and time deposit products. For more information, please see www.unionfsb.com. First Marblehead also offers outsourced tuition planning, billing, payment technology services and refund management services through its subsidiary Tuition Management Systems LLC. For more information, please see www.afford.com. Through its subsidiary, Cology LLC, First Marblehead offers private education loan processing and disbursement services as well as life-of-loan servicing for lenders. For more information, please see www2.cology.com.

Contact:
Kenneth Klipper
Chief Financial Officer
The First Marblehead Corporation
800 Boylston Street, 34th FL
Boston, MA 02199
617.638.2065

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