Servicing of title IV student financial aid, from 9/1/2016 through 8/31/2017. Provides funding for title IV aid servicing, through approximately, 08/31/2017. Provides funding for the delinquency…

Ended Awarded Last action

Contract number
EDENFS16F0019
Awardee
Awarding agency
Obligated
$137,075,648

Award facts

Contract value 100% obligated
$137,075,647.69 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
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

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00031 · The purpose of this modification is to DE-obligate funding in the amount of $3,470.88. -$3,471
Other Administrative Action P00030 $0
Supplemental Agreement for work within scope 28 -$2,500
Funding Only Action 29 $6,978,648
Other Administrative Action 27 $0
Other Administrative Action 25 $0
Other Administrative Action 26 $0
Funding Only Action 24 $23,827,000
Funding Only Action 23 $10,230,000
Supplemental Agreement for work within scope 22 $47,375
Supplemental Agreement for work within scope 21 $15,000
Funding Only Action 20 $12,600,000
Other Administrative Action 19 $0
Supplemental Agreement for work within scope 18 $42,125
Funding Only Action 17 $3,507,000
Funding Only Action 16 -$800,000
Funding Only Action 15 $32,534,500
Other Administrative Action 14 · Critical function base award: servicing of title IV student financial aid. Modification description: the purpose of this modification is to incorporate change… $0
Supplemental Agreement for work within scope 13 · / critical function task order: task order ENENFS16F0019 provides servicing of title IV student financial aid in accordance with section 2212 of the health care… $134,000
Funding Only Action 2 · / critical function task order: task order EDENFS16F0019 provides servicing of title IV student financial aid in accordance with section 2212 of the health care… $3,471
Funding Only Action 1 · Critical function base award: servicing of title IV student financial aid. Modification: to provide additional funding for title IV aid servicing. $3,500,000
Supplemental Agreement for work within scope P00012 $92,625
Funding Only Action P00011 -$12,125
Funding Only Action P00010 -$91,875
Supplemental Agreement for work within scope P00009 $91,875
Supplemental Agreement for work within scope P00008 $1,875
Supplemental Agreement for work within scope P00007 $39,750
Supplemental Agreement for work within scope P00006 $6,500
Supplemental Agreement for work within scope P00005 $0
Supplemental Agreement for work within scope P00004 $5,750
Supplemental Agreement for work within scope P00003 $2,125
Supplemental Agreement for work within scope P00002 $117,500
Supplemental Agreement for work within scope P00001 · Task order: provides servicing of title IV student financial aid in accordance with section 2212 of the health care and education reconciliation act of 2010… $32,500
Original award $44,176,000
Show all 34

About this award

Written by GovTribe AI ·

This federal contract award, with ID EDFSA09D0013|EDENFS16F0019, was issued 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, with a ceiling value of $137,075,647.69, provides funding for servicing of Title IV student financial aid from September 1, 2016 through August 31, 2017. This includes the Delinquency Reduction Compensation Program, with a not-to-exceed amount of $500,000 per quarter and $2,000,000 annually.

Nelnet Servicing LLC holds a significant Indefinite Delivery Contract (IDC) as part of the Unified Servicing and Data Solution (USDS), a $16 billion multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle awarded by the Department of Education's Office of Federal Student Aid. This contract is not designated as a set-aside. Under the USDS IDIQ, Nelnet has received several fixed-price delivery orders to provide a wide range of student loan servicing and administration services, including operations and maintenance of its servicing platform, as well as development, modernization, and enhancements.

Description

As the agency reported it.

Servicing of title IV student financial aid, from 9/1/2016 through 8/31/2017. Provides funding for title IV aid servicing, through approximately, 08/31/2017. Provides funding for the delinquency reduction compensation program, in a not-to-exceed amount of $500,000 per quarter and $2,000,000 annually.

Quick answers

Who was awarded contract EDENFS16F0019?

EDENFS16F0019 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on September 1, 2016.

How much is contract EDENFS16F0019 worth?

The government has obligated $137,075,648 on EDENFS16F0019.

Is contract EDENFS16F0019 an order under another contract?

Yes. EDENFS16F0019 is a delivery order under EDFSA09D0013, an indefinite delivery contract.

Was contract EDENFS16F0019 competed?

The extent of competition for EDENFS16F0019 was full and open competition. The government received 4 offers.

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