This is a delivery order contract awarded 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 $14,640,355.40, is for servicing of the Total Permanent Disability (TPD) program, a component of the Title IV student financial aid program, in accordance with the Health Care and Education Reconciliation Act of 2010.
The contract is a firm fixed-price delivery order under the Unified Servicing and Data Solution (USDS) indefinite-delivery, indefinite-quantity (IDIQ) contract vehicle, a $16 billion multiple-award contract awarded by the Department of Education's Office of Federal Student Aid. The USDS IDIQ aims to consolidate all federal student aid recipients under one data processing system operated by prime contractors like Nelnet, as part of the Department's efforts to modernize its legacy student loan servicing systems. There is no set-aside designation for this contract.