About Us
Our mission: To become the best provider of financial solutions that help students achieve their dreams. At First Marblehead, we help students and their families close the widening gap between the costs of college and the financial resources available to them. We do this by helping our clients - banks, marketers and corporations - develop solutions that are affordable and meet the needs of their customers.
The demand for education finance solutions has never been greater as more Americans apply and go to college than ever before. The funding gap between the cost of education and traditional sources of funding such as Federal student loans, scholarships and grants continues to widen and today is estimated to be $143 billion.
First Marblehead is an end-to-end solutions provider leveraging data, scale, expertise and technology. Our company is an execution-oriented, metrics-driven, client-focused industry leader in private education lending in the United States.
We have a business model, which is difficult to replicate and focuses exclusively on private student loans, providing customized products and services including outsourced underwriting and transaction processing with an exceptional securitization track record.
Founded in 1991 and headquartered in Boston, Massachusetts, First Marblehead has more than 1,000 employees (as of June 30th, 2007). We help meet the growing demand for private education loans by providing an integrated suite of tailored design, implementation, and securitization services for private student loan programs. In fiscal 2007, First Marblehead facilitated 1.3 million loan applications and approximately $4.3 billion in loan disbursements that funded students at over 5,800 schools, from private k-12 schools through undergraduate, graduate and continuing education programs.