Base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l. 111-152, 124 stat. 1029) for the period…
Ended Awarded Last action
- Contract number
- 91003118F0024
- Awardee
-
Great Lakes Educational Loan Services, Inc. UEI RJLKXXWKNDH3
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $2,713,722
Award facts
- Contract value 75% obligated
- $3,599,481.23 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 4 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Ann Arbor, MI 48108, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$222,739 | |
| Funding Only Action | $341,300 | |
| Funding Only Action | $852,900 | |
| Funding Only Action | $787,260 | |
| Original award | $955,000 |
About this award
This federal contract award is for servicing of Title IV student financial aid, in accordance with the Health Care and Education Reconciliation Act of 2010, awarded by the Department of Education's Office of Federal Student Aid. The prime contractor is Great Lakes Educational Loan Services, Inc., a for-profit organization that provides services related to federal student loans, including call center operations, financial reporting, loan consolidation, and image repository services.
The specific task order awarded is for the provision of loan consolidation services from April 1, 2018 through March 31, 2019. The contract type is a delivery order, with a firm fixed price pricing type, and the potential value of this award is $3,599,481.23. There is no set-aside designation mentioned for this contract.
Description
Base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l. 111-152, 124 stat. 1029) for the period of 6/17/2009 to 6/16/2019. Task order: provide loan consolidation services in accordance with the terms and conditions of the base IDIQ, from april 1, 2018 through march 31, 2019.
Quick answers
Who was awarded contract 91003118F0024?
91003118F0024 was awarded to Great Lakes Educational Loan Services, Inc. by Office of Federal Student Aid (Department of Education) on April 1, 2018.
How much is contract 91003118F0024 worth?
The government has obligated $2,713,722 on 91003118F0024. Its current value, with exercised options, is $3,599,481.
Is contract 91003118F0024 an order under another contract?
Yes. 91003118F0024 is a delivery order under EDFSA09D0012, an indefinite delivery contract.
Was contract 91003118F0024 competed?
The extent of competition for 91003118F0024 was full and open competition. The government received 4 offers.
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