NEW YORK ( TheStreet) -- The First Marblehead Corporation ( FMD) is acquiring KeyBank ( KEY)'s Tuition Management Systems from for $47,250,000 in cash. TMS will be acquired by a wholly owned subsidiary of First Marblehead and will retain its identity, management and operations under the transaction, according to a company statement. The deal is expected to close before January 1, 2011. TMS processes approximately $3.7 billion in tuition. The First Marblehead Corp. expects the acquisition to add $31 million in total revenues, to be cashflow positive during the first year and accretive to earnings in two years, the statement adds. --Written by Maria Woehr in New York. To contact the writer of this article, click here: Maria Woehr. To follow the writer on Twitter, go to http://twitter.com/newsgirlmw. To submit a news tip, send an email to: email@example.com.