Critical function 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).…
Ended Awarded Last action
- Contract number
- EDENFS16F0018
- Awardee
-
Great Lakes Educational Loan Services, Inc. UEI RJLKXXWKNDH3
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $176,066,424
Award facts
- Contract value 100% obligated
- $176,066,424.47 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
- Fixed Price with Economic Price Adjustment
- Place of performance
- Ann Arbor, MI 48108, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$196,529 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | -$48,155 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | -$7,891,738 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $30,755,000 | |
| Supplemental Agreement for work within scope | $3,625 | |
| Supplemental Agreement for work within scope | $7,660 | |
| Funding Only Action | -$300,000 | |
| Funding Only Action | $15,917,000 | |
| Funding Only Action | $108,044 | |
| Supplemental Agreement for work within scope | $48,900 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $16,325,000 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $17,455 | |
| Funding Only Action | $18,376,000 | |
| Funding Only Action | -$500,000 | |
| Funding Only Action | $24,175,700 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $119,243 | |
| Funding Only Action | $17,649 | |
| Funding Only Action | $21,923,000 | |
| Supplemental Agreement for work within scope | $49,800 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $10,000 | |
| Supplemental Agreement for work within scope | $3,874 | |
| Supplemental Agreement for work within scope | $196,529 | |
| Supplemental Agreement for work within scope | $54,368 | |
| Original award | $56,894,000 |
Show all 32
About this award
This federal contract award, EDFSA09D0012|EDENFS16F0018, was issued by the U.S. Department of Education's Office of Federal Student Aid to the prime contractor Great Lakes Educational Loan Services, Inc. The contract provides for the servicing of Title IV student financial aid in accordance with the Health Care and Education Reconciliation Act of 2010. The task order under this delivery order contract covers the period from September 1, 2016 through August 31, 2017 and provides funding for Title IV aid servicing, as well as the Delinquency Reduction Compensation Program, with a not-to-exceed amount of $500,000 per quarter and $2,000,000 annually. The total ceiling value of this contract award is $176,066,424.47. There is no set-aside designation for this contract.
Description
Critical function 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). Task order description: servicing of title IV student financial aid, from 9/1/2016 through 8/31/2017. Provides funding for title IV aid servicing, through approximately 12/31/2016. Provides funding for the delinquency reduction compensation program, in a not-to-exceed amount of $500,000 per quarter and $2,000,000 annually.
Quick answers
Who was awarded contract EDENFS16F0018?
EDENFS16F0018 was awarded to Great Lakes Educational Loan Services, Inc. by Office of Federal Student Aid (Department of Education) on September 1, 2016.
How much is contract EDENFS16F0018 worth?
The government has obligated $176,066,424 on EDENFS16F0018.
Is contract EDENFS16F0018 an order under another contract?
Yes. EDENFS16F0018 is a delivery order under EDFSA09D0012, an indefinite delivery contract.
Was contract EDENFS16F0018 competed?
The extent of competition for EDENFS16F0018 was full and open competition. The government received 4 offers.
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