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 organizations in the
education community.m.

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- 7 pm. -- Thomasville High School, 410 Unity St.
"Based on the great response we've had at the Edina Center, we are
expanding to meet the strong demand in the Twin Cities area for
career-oriented programs that provide students with skills that can be
immediately applied in the workplace," said Jim Forsythe, regional
director of operations for DeVry University.devry .

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* North Carolina will see the number of Latino high school
graduates increase by 700 percent in the next 10 years, yet
only 14 percent of Latinos over the age of 25 hold college
degrees.

native fund

First Marblehead Corporation to Provide Private Student Loan Services to the College Board

"
DeVry University is an attractive option for adult learners
seeking to earn a bachelor's or master's degree.

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27 at 9 a. These graduates
earned their degrees in business, technology and management at DeVry
locations around the nation, as well as online .

americas aid

(Source: Tomas
Rivera Policy Institute/The Sallie Mae Fund).

grants graduate

* Forty -three percent of Latino young adults and more than half
(51 percent) of Latino parents reported, in a national study
commissioned by The Sallie Mae Fund, that they were not aware
of a single source of college financial aid.

WHEN/
WHERE: Tuesday, Sept. -- High Point Central High School, 801
Ferndale Blvd, High Point , NC 27262

The Sallie Mae Fund is a charitable organization sponsored by Sallie Mae.

501 grants

The Company
helps meet the growing demand for private education loans by providing
national and regional financial institutions and educational
institutions, as well as businesses and other enterprises, with an
integrated suite of design, implementation and securitization services
for student loan programs tailored to meet the needs of their
respective customers, students, employees and members. Any forward-looking statements
contained herein, including statements related to the timing,
implementation, attractiveness , and success of the College Board's
Connect Loan program are based upon the Company's plans and
expectation as of May 31, 2005. The tour enables Latino
students and their families to access free resources and
information on scholarships, grants, loans and federal aid in
both Spanish and English, as well as attend a workshop on
financial aid presented by recent college graduates.
DeVry University opened its first Minnesota location last October
at 7700 France Avenue South in Edina. For more information about DeVry University, visit
http://www .

supports ethnicity

Approximately 49,000 students are enrolled at
its 72 locations that are in 21 states and Canada , as well as through
DeVry University Online.

americas aid

The College Board is
committed to the principles of excellence and equity, and that
commitment is embodied in all of its programs, services, activities ,
and concerns., The following is being issued by the
Sallie Mae Fund:

WHAT: The Sallie Mae Fund's Paying for College Bus Tour will be in High

Point and Thomasville , N.

1969 ethnicity

"This new loan product line will allow
us to offer our College Board member institutions and school partners
highly attractive loan options that can help students better afford to
pursue their educational goals," said Cynthia Bailey, Executive
Director of the College Board's Education Finance Services department. to help Latino families understand
how to prepare and pay for college.----

University to Offer Undergraduate and Graduate Degree Programs

DeVry University (NYSE:DV), one of North America's leading
career-oriented institutions for business, technology and management
education, today announced plans to open a second center in the Twin
Cities area this summer.
For more information about the undergraduate and graduate degree
programs offered at DeVry University or to register for classes,
please call the admissions department at (952) 838 -1860 or visit
www.

indigenous indian

DeVry University plans to offer undergraduate degree programs in
business administration, technical management and computer information
systems, as well as all seven of the graduate degree programs through
its Keller Graduate School of Management, including its master of
business administration degree program.

grants 1969

The Mayor
will speak about the plight of Latinos in higher education, and
hand out college scholarships to workshop attendees.

americans 501

We believe the loan products we have developed
for the College Board will help it continue its mission of connecting
students to college success and opportunity. "Our second Twin Cities
location will provide greater flexibility to our students already
enrolled at the Edina center and allow us to enroll more people
looking to jump-start or take their careers to the next level."
More than 500 DeVry University and Keller Graduate School of
Management graduates live and work in the Twin Cities area, holding
leadership positions at numerous local organizations.
Jack Krajnak, vice president of sales at Minneapolis-based
Minnetonka Moccasin, earned his MBA from Keller Graduate School of
Management in Chicago six years ago.

1989 donation

The College Board Connect Loan program
will be marketed by the College Board's education lending sales force.
Founded in 1900, the association is composed of more than 4,700
schools, colleges, universities, and other educational organizations .

About First Marblehead Corporation

First Marblehead provides outsourcing services for private,
non-governmental, education lending in the United States.
* More than two -thirds of Latino families believe that getting
financial aid information before leaving high school was "very
important" to their decision to attend college.
DeVry University has been approved by the Minnesota Higher
Education Services Office to offer Minnesota State Grants to its
eligible undergraduate students, providing students with greater
financial flexibility in funding their education.

tribal 501

Important factors
that could cause First Marblehead's actual results to differ from its
expectations include its relationships with The College Board and
Charter One Bank, as well as the other factors set forth under the
caption "Factors That May Affect Future Results " in First Marblehead's
quarterly report on Form 10-Q filed with the Securities and Exchange
Commission on May 13, 2005. High School Event Part Of The Sallie Mae Fund's Nationwide
Paying For College Bus Tour

RESTON, Va.

assist tribal

Among its best-known programs are the SAT(R), the PSAT/NMSQT(R), and
the Advanced Placement Program(R) (AP(R)). Subsequent events may cause our plans
or expectations to change, and we disclaim any obligation to update
the forward -looking statements in the future.

WHY:
* Latinos constitute approximately 5 percent of the High Point
population, but this figure is expected to increase
dramatically in the very near future.

DeVry University Announces Plans To Open Second Twin Cities Location

"Because these
students often have professional and family commitments, our second
center will be in a convenient location and offer a flexible course
schedule, a perfect combination for adults trying to fit college
courses into their busy lives," Forsythe added.

1969 graduates

The result:
thousands of Latino kids are not going to college because they
do not know about their financial aid options. (Mayor's remarks, followed by workshop,
scholarship awards)
High Point Central High School
801 Ferndale Blvd, High Point , NC 27262

WHO: -- Mayor Rebecca Smothers
-- Daisy Alfaro and Orlando Espinosa, The Sallie Mae Fund's
national spokespeople
-- Local Latino students and families
-- Local partners, including GEAR UP

VISUALS/PHOTO OPPS:

* Bus wrapped in colorful mural tour with interactive college
counseling center inside
* National spokesperson and recent college graduate delivering
interactive workshop and distributing financial aid resources
* Local Latino community members learning about financial aid
information

ADDITIONAL WORKSHOPS IN HIGH POINT:

* Sept. 26 at 9 a.
For more information, visit http: //www.devry.

Public and private assistance infomation, programs, grants, and scholarships for students of Native American descent.

donation americas

fund graduates

C.,
Thomasville, NC 27360
* Sept.

donation graduates

Business Editors/Education Editors

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 . You are cautioned that
matters subject to forward-looking statements involve known and
unknown risks and uncertainties, including economic, regulatory,
competitive and other factors that may cause First Marblehead's
performance or achievements to be materially different than those
expressed or implied by forward-looking statements.m.edu

grants descent

About the College Board

The College Board is a not-for-profit membership association whose
mission is to connect students to college success and opportunity.

This is a "Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995.

High Point Mayor to Address Latino Higher Education Concerns Sept. 27

"I enrolled at Keller because I
was intrigued by a faculty that consisted primarily of working
practitioners. After many years in the business world, the instruction
of fellow professionals was just what I needed in graduate school to
boost my career.

supports assist

Each year, the College Board serves over three and a half million
students and their parents, 23,000 high schools, and 3,500 colleges
through major programs and services in college admissions, guidance,
assessment, financial aid , enrollment, and teaching and learning.org.

Business Editors/Education Editors

EDINA, Minn.

indian fund

"
The College Board, which was among the top 30 federal student loan
originators in 2004 , will market this new private loan alongside its
federal student loan offerings.m.salliemaefund.edu

As one of the largest degree-granting higher education systems in
North America, DeVry University provides high-quality, career-oriented
associate, bachelor's and master's degree programs in technology ,
business and management.

wanted descent

27
6 p.

DeVry University is based in Oakbrook
Terrace, Ill.

scholarships 1989

---

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