Total permanent disability - TPD - bridge
Active Definitive Contract Awarded Last action
- Contract number
- 91003125C0012
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $2,061,676
Award facts
- Opportunity
-
- 91003125R0001 Solicitation number
- Contract value 70% obligated
- $2,961,439.62 Current and potential, with all options
- Completion date 78% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Not Competed · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Lincoln, NE 68506, USA
- Legislative mandates
-
- Walsh-Healey Public Contracts Act FAR subpart 22.6
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$854,563 | |
| Supplemental Agreement for work within scope | $623,033 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Definitize Change Order | -$3,826,277 | |
| Other Administrative Action | $0 | |
| Original award | $6,119,482 |
About this award
The Office of Federal Student Aid awarded a definitive contract to Nelnet Servicing LLC for Total Permanent Disability bridge servicing under the Unified Servicing and Data Solution program, with a ceiling value of $2,961,439.62 and an ultimate completion date of April 30, 2027.
This is a modification that deobligates funds from CLIN 0001 on an existing firm fixed-price contract. Place of performance is Lincoln, Nebraska. The contract supports federal student loan servicing operations, specifically managing TPD loan assignments and related data management functions within the Office of Federal Student Aid's portfolio.
In fiscal year 2025, the contract generated $1.4 million in invoiced revenue across 4.8 full-time equivalents, with no subcontractor hours reported; Nelnet self-performed all labor. Government-paid rates on this contract align with Nelnet's broader student loan servicing portfolio, where median hourly rates range from $26.90 to $77.91 per hour, with specialized labor categories reaching higher tiers.
Quick answers
Who was awarded contract 91003125C0012?
91003125C0012 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on January 1, 2025.
How much is contract 91003125C0012 worth?
The government has obligated $2,061,676 on 91003125C0012. Its current value, with exercised options, is $2,961,440.
Was contract 91003125C0012 competed?
The extent of competition for 91003125C0012 was not competed. The government received 1 offer.
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