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
- 91003118F0027
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $3,181,379
Award facts
- Contract value 82% obligated
- $3,880,000.00 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
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | $136,007 | |
| Funding Only Action | $74,093 | |
| Funding Only Action | $349,500 | |
| Funding Only Action | $791,300 | |
| Funding Only Action | $860,479 | |
| Original award | $970,000 |
About this award
This federal contract award to Nelnet Servicing LLC, a for-profit limited liability company, is for the servicing of Title IV student financial aid programs on behalf of the Department of Education's Office of Federal Student Aid. The base award is for a 10-year period from June 2009 to June 2019, with a $3,880,000 task order for loan consolidation services from April 2018 through March 2019. Nelnet provides a range of student loan administration services as a prime contractor, including call center, payment processing, and reporting functions under a $941 million direct student loan servicing delivery order. The contract was awarded under the Department of Education's Unified Servicing and Data Solution IDIQ, which aims to modernize legacy servicing capabilities. The contract has no 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: loan consolidation services in accordance with the terms and conditions of the base IDIQ, from april 1, 2018 through march 31, 2019.
Quick answers
Who was awarded contract 91003118F0027?
91003118F0027 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on April 1, 2018.
How much is contract 91003118F0027 worth?
The government has obligated $3,181,379 on 91003118F0027. Its current value, with exercised options, is $3,880,000.
Is contract 91003118F0027 an order under another contract?
Yes. 91003118F0027 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 91003118F0027 competed?
The extent of competition for 91003118F0027 was full and open competition. The government received 4 offers.
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