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
- 91003119F0316
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $2,111,502
Award facts
- Contract value 76% obligated
- $2,786,502.05 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 · 1 offer 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 | -$123,393 | |
| Funding Only Action | -$162,105 | |
| Funding Only Action | $643,000 | |
| Funding Only Action | $929,000 | |
| Original award | $825,000 |
About this award
Nelnet Servicing LLC, a for-profit limited liability company, was awarded a $2,786,502.05 firm-fixed price delivery order by the Department of Education's Office of Federal Student Aid to provide loan consolidation services under Section 2212 of the Health Care and Education Reconciliation Act of 2010. This award supports the servicing of Title IV student financial aid programs and is a task order under a larger, unspecified ceiling master contract. The master contract, awarded in April 2023, aims to modernize legacy student loan servicing capabilities under a single student aid portal. No set-aside designations were mentioned for this award or the underlying contract vehicle.
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: 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 04/1/2019 to 08/31/2019. The purpose of this task order is to provide funding for loan consolidation services.
Quick answers
Who was awarded contract 91003119F0316?
91003119F0316 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on March 29, 2019.
How much is contract 91003119F0316 worth?
The government has obligated $2,111,502 on 91003119F0316. Its current value, with exercised options, is $2,786,502.
Is contract 91003119F0316 an order under another contract?
Yes. 91003119F0316 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract 91003119F0316 competed?
The extent of competition for 91003119F0316 was full and open competition. The government received 1 offer.
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