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
- 91003118F0347
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $139,250,989
Award facts
- Contract value 75% obligated
- $184,580,786.68 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 | -$25,000 | |
| Funding Only Action | -$168,250 | |
| Funding Only Action | -$14,897,840 | |
| Supplemental Agreement for work within scope | $40,125 | |
| Supplemental Agreement for work within scope | $120,375 | |
| Supplemental Agreement for work within scope | $197,750 | |
| Supplemental Agreement for work within scope | $35,000 | |
| Supplemental Agreement for work within scope | $27,000 | |
| Funding Only Action | $52,386,000 | |
| Supplemental Agreement for work within scope | $155,625 | |
| Supplemental Agreement for work within scope | $11,250 | |
| Funding Only Action | $39,932,000 | |
| Supplemental Agreement for work within scope | $113,250 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $14,560,667 | |
| Supplemental Agreement for work within scope | $12,125 | |
| Supplemental Agreement for work within scope | $26,375 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $88,625 | |
| Supplemental Agreement for work within scope | $60,375 | |
| Supplemental Agreement for work within scope | $575,538 | |
| Original award | $46,000,000 |
Show all 22
About this award
This award is for a delivery order under the Department of Education's Office of Federal Student Aid contract with Nelnet Servicing LLC, a student loan servicing company. The $184,580,786.68 firm-fixed price order is for servicing Title IV student financial aid programs, as authorized under the Health Care and Education Reconciliation Act of 2010. The order has a period of performance from September 1, 2018 to August 31, 2019. This appears to be part of a larger Unified Servicing and Data Solution IDIQ contract vehicle awarded to Nelnet in April 2023 to modernize the Department of Education's legacy student aid servicing capabilities. The contract has no set-aside designation.
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 6/17/2014 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 09/01/2018 to 08/31/2019. Modification: the purpose of this modification is to create a new task order for contract ED-FSA-09-d-0013 with the period of performance: 9/01/2018 - 8/31/2019, and provide funding for title IV aid servicing through approximately 12/31/2018.
Quick answers
Who was awarded contract 91003118F0347?
91003118F0347 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on September 1, 2018.
How much is contract 91003118F0347 worth?
The government has obligated $139,250,989 on 91003118F0347. Its current value, with exercised options, is $184,580,787.
Is contract 91003118F0347 an order under another contract?
Yes. 91003118F0347 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 91003118F0347 competed?
The extent of competition for 91003118F0347 was full and open competition. The government received 4 offers.
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