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
- 91003119F0315
- Awardee
-
Great Lakes Educational Loan Services, Inc. UEI RJLKXXWKNDH3
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $1,806,550
Award facts
- Contract value 85% obligated
- $2,136,549.55 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 · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Madison, WI 53704, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | -$231,055 | |
| Funding Only Action | $686,604 | |
| Funding Only Action | $681,000 | |
| Original award | $670,000 |
About this award
The Department of Education's Office of Federal Student Aid awarded a delivery order to Great Lakes Educational Loan Services, Inc., a for-profit organization, to provide servicing of Title IV student financial aid in accordance with the Health Care and Education Reconciliation Act of 2010. The delivery order has a period of performance from April 1, 2019 to August 31, 2019 and a potential value of $2,136,549.55. This contract is part of the agency's broader efforts to support the federal direct student loan program through services such as call center operations, financial reporting, loan consolidation, and image repository management. The contract has a firm fixed price pricing structure and does not include a set-aside designation.
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: 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 04/01/2019 to 08/31/2019.
Quick answers
Who was awarded contract 91003119F0315?
91003119F0315 was awarded to Great Lakes Educational Loan Services, Inc. by Office of Federal Student Aid (Department of Education) on March 29, 2019.
How much is contract 91003119F0315 worth?
The government has obligated $1,806,550 on 91003119F0315. Its current value, with exercised options, is $2,136,550.
Is contract 91003119F0315 an order under another contract?
Yes. 91003119F0315 is a delivery order under EDFSA09D0012, an indefinite delivery contract.
Was contract 91003119F0315 competed?
The extent of competition for 91003119F0315 was full and open competition. The government received 1 offer.
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