WEALTH UNIVERSITY

[abnpayne]

FMD = Student loan services

Per Google's description, I believe they no longer issue student loans, only manage them. This is a good thing since they won't be on the hook for a coming huge default rate, IMO.

How would they fare in the event that Obama/Dems succeeds in federalizing ALL student loans? Are they large enough and positioned to win a gov't contract for administration of such a huge scale operation? Otherwise, they'll disappear with the rest of the private student loan sector.

Description
The First Marblehead Corporation (FMC) offers outsourcing services to national and regional financial institutions and educational institutions in the United States for designing and implementing private education loan programs. The Company offers integrated suite of services, including its monogram loan product, as well as certain services on a stand-alone, fee-for-service basis. In addition, FMC provides administrative and other services to securitization trusts that the Company has facilitated and asset servicing to the third-party owner of certain securitization trusts. The Company’s bank subsidiary, Union Federal Savings Bank (Union Federal) is a federally chartered thrift that offers residential and commercial mortgage loans, and certain other banking products, and prior to fiscal year ended June 30, 2009, offered private education loans. It also offers clients tailored outsourced loan origination, portfolio management and other services.
http://www.google.com/finance?q=NYSE%3AFMD

Edit: Already found my answers, they are pretty BIG...
Our company is an industry leader in private education lending in the United States having processed over 6 million applications and disbursed over $16.5 billion in private student loan volume.
Founded in 1991 and headquartered in Boston, Massachusetts, First Marblehead has more than 200 employees.
http://www.firstmarblehead.com/alternative-education-loans/index.html