First Marblehead to Broadcast Annual Stockholders Meeting on November 16, 2009

BOSTON, MA -- (Marketwire) -- 11/09/09 -- The First Marblehead Corporation (NYSE: FMD) today announced that it plans to broadcast its annual meeting of stockholders to be held at 10:00 a.m. EST, in New York on Monday, November 16, 2009. Daniel Meyers, First Marblehead's Chief Executive Officer and President will provide an update and outlook for the company.

Investors and other interested parties are invited to listen to the annual meeting by accessing a live audio webcast from the Investors page at www.firstmarblehead.com. A replay of the meeting will also be available for 14 days from the company's website.

About The First Marblehead Corporation -- First Marblehead helps meet the growing demand for private education loans by offering national and regional financial institutions and educational institutions an integrated suite of design, implementation and capital market services for student loan programs. 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. For more information, go to www.firstmarblehead.com.