Base award: servicing of title IV student financial aid. Task order: provides funding for title IV aid servicing, through approximately 08/31/2017.
Ended Awarded Last action
- Contract number
- EDENFS16F0017
- Awardee
-
Navient Corporation UEI MPZ6YQV1EVX7
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Obligated
- $146,740,140
Award facts
- Contract value 100% obligated
- $146,740,140.45 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
- Wilmington, DE 19801, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $2,316,808 | |
| Supplemental Agreement for work within scope | -$3,648 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $25,501,000 | |
| Supplemental Agreement for work within scope | $22,573 | |
| Funding Only Action | $11,677,000 | |
| Supplemental Agreement for work within scope | $110,090 | |
| Funding Only Action | $12,716,000 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $28,144 | |
| Funding Only Action | $12,094,000 | |
| Funding Only Action | -$500,000 | |
| Funding Only Action | $30,596,400 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $22,891 | |
| Funding Only Action | $4,000,000 | |
| Supplemental Agreement for work within scope | $33,524 | |
| Supplemental Agreement for work within scope | $28,500 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $10,860 | |
| Original award | $48,086,000 |
Show all 25
About this award
This federal contract award was issued by the U.S. Department of Education's Office of Federal Student Aid to Navient Corporation, a for-profit organization, to provide Title IV student financial aid servicing. The base award, valued at $146,740,140.45, was made on August 18, 2016 and has an estimated completion date of March 25, 2018. The contract is a firm fixed price delivery order, with no set-aside designation, indicating open competition. Navient Corporation, through its Navient division and subsidiaries such as Navient BPO LLC, is known for its expertise in loan management, servicing, and asset recovery in the education sector. The contract supports the Department of Education's Title IV financial aid programs, which provide grants, loans, and work-study funds to eligible students to cover the costs of postsecondary education.
Quick answers
Who was awarded contract EDENFS16F0017?
EDENFS16F0017 was awarded to Navient Corporation by Office of Federal Student Aid (Department of Education) on August 18, 2016.
How much is contract EDENFS16F0017 worth?
The government has obligated $146,740,140 on EDENFS16F0017.
Is contract EDENFS16F0017 an order under another contract?
Yes. EDENFS16F0017 is a delivery order under EDFSA09D0015, an indefinite delivery contract.
Was contract EDENFS16F0017 competed?
The extent of competition for EDENFS16F0017 was full and open competition. The government received 4 offers.
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