This is a delivery order awarded by the U.S. Department of Education's Office of Federal Student Aid to Navient Corporation, a for-profit organization, for the servicing of Title IV student financial aid. The task order, valued at $141,164,210.14, provides funding for Title IV aid servicing from September 1, 2015 through December 31, 2016, as well as the Delinquency Reduction Compensation Program, not to exceed $500,000 per quarter or $2,000,000 annually. The contract is a Fixed Price with Economic Price Adjustment vehicle and does not have a set-aside designation. Navient Corporation, through its division Navient and subsidiaries such as Navient BPO LLC, has significant expertise in loan management, servicing, and asset recovery in the education sector, and has also received federal contracts for web-based survey support and data collection assistance from other agencies like the Department of Labor's Bureau of Labor Statistics.