The First Marblehead Corporation, a specialty finance company, focuses on the education financing marketplace in the United States. The company provides loan programs on behalf of its lender clients for undergraduate and graduate students, as well as for college graduates seeking to refinance private education loan obligations; and outsourced tuition planning, tuition billing, refund management, and payment technology services for universities, colleges, and secondary schools. It also designs and administers education loan programs through its Monogram platform that are designed to be marketed through educational institutions or to borrowers and their families directly, as well as to generate portfolios intended to be held by the originating lender or financed in the capital markets. In addition, it offers services comprising loan origination, tuition and refund management, loan processing and disbursement, portfolio management, and securitization services. The company was founded in 1991 and is headquartered in Medford, Massachusetts with additional offices in Warwick, Rhode Island, and Mather, California, as well as in Scottsdale, Arizona.