First Marblehead to Release Second Quarter Fiscal 2016 Financial Results and Host Conference Call

MEDFORD, MA -- (Marketwired) -- 02/01/16 -- The First Marblehead Corporation (NYSE: FMD) plans to release its second quarter fiscal year 2016 financial and operating results for the three and six month periods ended December 31, 2015 after the market closes on Tuesday, February 9, 2016. The Company will host a conference call at 5:00 p.m. Eastern time on Tuesday, February 9, 2016 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 Alan Breitman 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 8495222.

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 10079934. 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 Monogram® 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. 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 for lenders. For more information, please see www2.cology.com.

   Contact: Alan BreitmanChief Financial OfficerThe First Marblehead Corporation1 Cabot Road, Suite 200Medford, MA 02155617.638.2065

Source: The First Marblehead Corporation

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