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.…
Ended Awarded Last action
- Contract number
- 0025
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $137,745,250
Award facts
- Contract value 88% obligated
- $156,399,110.41 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
- 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 | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | -$10,882,178 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $28,996,128 | |
| Supplemental Agreement for work within scope | $51,875 | |
| Funding Only Action | $12,000,000 | |
| Supplemental Agreement for work within scope | $25,625 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $11,500,000 | |
| Funding Only Action | $13,225,000 | |
| Funding Only Action | -$23,125 | |
| Supplemental Agreement for work within scope | $35,000 | |
| Funding Only Action | $12,815,000 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $12,318,560 | |
| Funding Only Action | $12,944,400 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $10,375 | |
| Supplemental Agreement for work within scope | $110,465 | |
| Supplemental Agreement for work within scope | $84,875 | |
| Supplemental Agreement for work within scope | $11,250 | |
| Original award | $44,522,000 |
Show all 23
About this award
This federal contract award to Nelnet Servicing LLC is for the servicing of Title IV student financial aid programs, in accordance with the Health Care and Education Reconciliation Act of 2010. The base award is for the period of June 17, 2009 to June 16, 2019, with a task order for the period of September 1, 2017 to August 31, 2018. The contract is a delivery order with a fixed-price with economic price adjustment pricing type, awarded by the Department of Education's Office of Federal Student Aid. The potential value of the contract is $156,399,110.41. This contract does not have a set-aside designation. As the prime contractor, Nelnet Servicing LLC, a for-profit limited liability company, will provide student loan servicing capabilities including call center, payment processing, and reporting functions from its Lincoln, Nebraska headquarters in support of the Department of Education's Title IV federal student aid programs.
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) 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 9/01/2017 to 8/31/2018.
Quick answers
Who was awarded contract 0025?
0025 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on September 1, 2017.
How much is contract 0025 worth?
The government has obligated $137,745,250 on 0025. Its current value, with exercised options, is $156,399,110.
Is contract 0025 an order under another contract?
Yes. 0025 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 0025 competed?
The extent of competition for 0025 was full and open competition. The government received 4 offers.
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