This federal contract award is a $20,008,737.82 firm-fixed-price delivery order issued by the Department of Education's Office of Federal Student Aid to Edfinancial Services LLC, doing business as Edfinancial. The purpose is to provide ramp-up activities for Edfinancial to begin performing tasks under all non-servicing functional areas of the NextGen Enhanced Processing Solution program, a $1.7 billion multiple-award indefinite-delivery, indefinite-quantity (IDIQ) contract for contact center,...
The U.S. Department of Education's Office of Federal Student Aid has awarded Edfinancial Services LLC, a for-profit limited liability company, a firm-fixed-price task order valued at $9,997,232.92 under the Unified Servicing and Data Solution (USDS) indefinite-delivery, indefinite-quantity (IDIQ) contract. This task order requires Edfinancial to become performance-ready, attain its Authorization to Operate, and achieve go-live of its servicing system by December 31, 2024. The USDS IDIQ is a...
This federal contract award is for the purpose of issuing identical steady-state task orders for non-servicing contact center support and back-office processing to Business Process Outsourcing (BPO) providers. The contract has a ceiling value of $39,650,067.69 and was awarded on May 4, 2023 to Edfinancial Services LLC, doing business as Edfinancial, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The contract is a Delivery...
This federal contract award is for operations and maintenance (O&M) task order services related to student loan servicing under the Unified Servicing and Data Solution (USDS) contract. The $189,888,056.06 fixed-price with economic price adjustment task order was awarded to Edfinancial Services LLC, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The contract is for the Office of Federal Student Aid, a civilian agency...
This federal contract award, with ID EDFSA12D0005|91003120F0334, was issued by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Edfinancial Services LLC, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The purpose of this $328,861,577.43 delivery order contract is to create a new task order for the existing HCERA-SAFRA Not-For-Profit Servicer Program contract, with a period of performance from January...
The Department of Education's Office of Federal Student Aid awarded Edfinancial Services LLC, doing business as Edfinancial, a $1.5 million firm fixed price delivery order against the NextGen Enhanced Processing Solution indefinite-delivery/indefinite-quantity multiple award contract. The purpose of this task order is to provide identical funding to all five contractors under the Business Process Operations task order for implementation. Work will be performed in Concord, Tennessee through...
This is a task order contract awarded by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Edfinancial Services LLC for operations and maintenance support for student loan servicing. The task order is issued under the $16 billion Unified Servicing and Data Solution (USDS) Indefinite Delivery/Indefinite Quantity (IDIQ) contract, which provides a range of student aid services including loan servicing, contact center support, and back-office processing. The task order has...
This federal contract award is for the servicing of Title IV student financial aid, provided under a task order from the U.S. Department of Education's Office of Federal Student Aid. The contract, valued at $126,939,909.83, is a fixed-price delivery order with economic price adjustment, awarded to the prime contractor Nelnet Servicing LLC, a for-profit limited liability company based in Lincoln, Nebraska. The award is part of the Unified Servicing and Data Solution (USDS) indefinite-delivery,...
This award is for a delivery order under the Department of Education's Office of Federal Student Aid contract with Nelnet Servicing LLC, a student loan servicing company. The $184,580,786.68 firm-fixed price order is for servicing Title IV student financial aid programs, as authorized under the Health Care and Education Reconciliation Act of 2010. The order has a period of performance from September 1, 2018 to August 31, 2019. This appears to be part of a larger Unified Servicing and Data...
This federal contract award, valued at $762,212,737.16, was issued by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Maximus Education LLC, a for-profit limited liability company. The contract is for the provision of direct loan services, such as call center operations and financial reporting, to support the Federal Student Aid program. This award is a delivery order under the Unified Servicing and Data Solution (USDS) Indefinite Delivery, Indefinite Quantity (IDIQ)...