GradeSaver Loans Announces Agreement with The First Marblehead Corporation
Scottsdale, AZ - August 13, 2007 - GradeSaver Loans, a new company that markets private student loans directly to consumers, today announced it has signed a contract with The First Marblehead Corporation, a national leader in creating solutions for education finance. The GradeSaver Student Loans will include alternative student loan products for k-12, undergraduate, graduate and continuing education.
"GradeSaver Student Loans are a natural fit with GradeSaver's mission of helping students succeed," said Olivia Verma, Chief Executive Officer of GradeSaver Loans and co-founder of GradeSaver. "We are excited to partner with some of the leading names in education and finance, including GradeSaver and First Marblehead. According to the College Board, the average cost of tuition at a 4-year private college is now in excess of $22,000, and rose 5.9% last year. GradeSaver Loans recognizes the growing need for families to have additional options to pay for college, and we are pleased that the GradeSaver Student Loan program provides simple and affordable student loan products."
GradeSaver Loans markets GradeSaver Student Loan products directly to families through its website, studentloans.gradesaver.com.
"As the cost of attending college continues to rise, we are pleased to join with GradeSaver Loans in providing students and their families with greater opportunities to pursue their educational goals," said Jack Kopnisky, president and CEO of The First Marblehead Corporation.
About GradeSaver Loans LLC
GradeSaver Loans LLC, a private student loan marketing company, is partnered with GradeSaver to further its mission to help students achieve their academic dreams. The company motto is "You have goals... We have help." Information about GradeSaver Student Loans is available at the GradeSaver Loans website at studenloans.gradesaver.com. The lender for the GradeSaver Student Loan program is Charter One Bank, N.A., Member FDIC and Equal Opportunity Lender. GradeSaver Loans is proud to help students learn more and succeed in both high school and college.
About GradeSaver LLC
GradeSaver LLC www.gradesaver.com is an online education website founded in 1999 by two Harvard graduates with a mission to help students achieve their academic dreams. The company motto is "You have goals... We have help." GradeSaver offers editing services and ClassicNotes study guides (available on Amazon.com). GradeSaver Student Loans are now marketed through its partner, GradeSaver Loans studentloans.gradesaver.com. Over the years GradeSaver has been proud to help students learn more, write better and succeed in both high school and college.
About The First Marblehead Corporation
First Marblehead, a leader in creating solutions for education finance, provides outsourcing services for private, non-governmental, education lending in the United States. 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. For more information, visit www.firstmarblehead.com.
