Press Releases

TERI NAMES CIEL SENECHAL DIRECTOR OF NATIONAL SALES

July 2, 2007

TERI has named Ciel Morton Senechal Director of National Sales, reporting to John F. Marcus, Senior Vice President of Business Development. In this position, Ms. Senechal will be responsible for leading the TERI School Channel Sales team, which manages relations with over 6,000 schools across the United States and internationally. She will help develop and maintain strategic plans for growing the TERI Guaranteed loan volume, and will collaborate with The First Marblehead Corporation and lender partner sales teams.

“We’re very excited that Ciel has agreed to lead the TERI Sales Team,” said Marcus. “Her proven record as a leader and success developing strong relationships with financial aid offices makes me believe she is a perfect fit to build upon TERI’s strong reputation as a leader in the private student loan industry.”

Prior to joining TERI, Ms. Senechal held the position of Vice President of School Solutions for Student Capital Corporation in San Diego, CA. She also held positions with Sallie Mae, Nellie Mae, Loyola Law School, and the American Film Institute. Ms. Senechal holds a Bachelor of Arts degree in economics from the University of Colorado, Boulder, as well as a Master of Business Administration degree in Organizational Behavior from the University of Southern California.

“I’m thrilled to be joining TERI,” said Senechal. “Its longstanding history and dedication to helping people from all backgrounds access and afford a higher education are both extremely important to me.”

# # #

TERI, a nonprofit organization in Boston, Massachusetts was founded in 1985 and promotes educational opportunities for all through its college access and loan guarantee activities.

TERI’s loan guarantee programs help students close the gap between education costs and their other resources such as financial aid, savings and family support. TERI is the oldest and largest guarantor of private (non-government) student loans with more than $12 billion in outstanding guarantees. TERI brings together lenders, schools, students and families to make available low-cost, high quality financing for postsecondary education. The organization works in a very successful strategic alliance with The First Marblehead Corporation in this effort.

TERI is a national leader in promoting strategies for improving college access. The company manages college access programs that target low-income individuals and those who are the first generation in their families to attend college. These programs raise student and adult aspirations to include college and other post-secondary education, provide guidance and information directly to students and their families on planning and paying for college, and support increased student achievement in middle and high schools. TERI is also the managing partner of the Pathways to College Network, an alliance of over 30 nonprofit organizations and funders committed to advancing college access and success for underserved students.

For more information: www.teri.org