IDIQ: loan consolidation services.
Ended Awarded Last action
- Contract number
- EDENFS16F0003
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $2,572,738
Award facts
- Contract value 100% obligated
- $2,572,738.25 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 | $0 | |
| Funding Only Action | -$154,862 | |
| Funding Only Action | $920,000 | |
| Funding Only Action | $397,600 | |
| Funding Only Action | $410,000 | |
| Original award | $1,000,000 |
About this award
This federal contract award is an Indefinite Delivery, Indefinite Quantity (IDIQ) contract for Loan Consolidation Services. It was 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 has a ceiling value of $2,572,738.25 and was awarded on December 30, 2015 with a completion date of December 31, 2016. This contract is part of the Department's Unified Servicing and Data Solution (USDS) IDIQ contract vehicle, a $16 billion multiple-award IDIQ that aims to consolidate all federal student aid recipients under one data processing system. As a prime contractor under the USDS IDIQ, Nelnet Servicing LLC provides a wide range of student loan servicing and administration services, including call center operations, payment processing, data management, loan consolidation, and support for various federal student aid programs. This contract does not have a set-aside designation.
Quick answers
Who was awarded contract EDENFS16F0003?
EDENFS16F0003 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on December 30, 2015.
How much is contract EDENFS16F0003 worth?
The government has obligated $2,572,738 on EDENFS16F0003.
Is contract EDENFS16F0003 an order under another contract?
Yes. EDENFS16F0003 is a delivery order under EDFSA09D0013, an indefinite delivery contract.
Was contract EDENFS16F0003 competed?
The extent of competition for EDENFS16F0003 was full and open competition. The government received 4 offers.
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