The Bank One Campus Loan program will be available in the spring of 2005 in time for the 2005-2006 academic year, and will be marketed to school financial aid offices by Bank One Education Finance, an affiliate of JPMorgan Chase & Co. (NYSE: JPM). First Marblehead (NYSE: FMD) will provide program management and operational support services to Bank One, and plans to securitize loans generated from Bank One under this program.

"Bank One Campus Loan is another example of our commitment to providing schools and students with additional choices and flexibility in financing higher education," said Lynn Ross, Senior Vice President of Bank One Education Finance. "It will augment our school channel offerings, allowing us to deliver better products and services to our school and student customers."

The program expands the Bank One-First Marblehead relationship into the school channel markets. The organizations have been working together on direct-to-consumer loan programs since 2000.