/ critical function base award: servicing of title IV student financial aid. Task order 0023: provide loan consolidation services, in accordance with the terms and conditions of the base IDIQ.
Ended Awarded Last action
- Contract number
- 0023
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $4,354,421
Award facts
- Contract value 100% obligated
- $4,354,420.85 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
- Lincoln, NE 68508, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$717,579 | |
| Funding Only Action | $900,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $1,480,000 | |
| Funding Only Action | $1,133,000 | |
| Funding Only Action | $263,000 | |
| Funding Only Action | $321,000 | |
| Original award | $975,000 |
About this award
This federal contract award was issued by the U.S. Department of Education's Office of Federal Student Aid to Nelnet Servicing LLC, a for-profit limited liability company based in Lincoln, Nebraska. The contract, valued at $4,354,420.85, is a delivery order under Nelnet's Indefinite Delivery Contract (IDC) as part of the Department's Unified Servicing and Data Solution (USDS) $16 billion multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle.
The contract is for the provision of loan consolidation services, in accordance with the terms and conditions of the base IDIQ. This award is not designated as a set-aside contract. Nelnet Servicing LLC has a significant role in the Department of Education's efforts to modernize its legacy student loan servicing systems onto a single portal at StudentAid.gov by 2023, streamlining services for millions of student loan borrowers.
Quick answers
Who was awarded contract 0023?
0023 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on January 1, 2017.
How much is contract 0023 worth?
The government has obligated $4,354,421 on 0023.
Is contract 0023 an order under another contract?
Yes. 0023 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 0023 competed?
The extent of competition for 0023 was full and open competition. The government received 4 offers.
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