Delivery Order EDFSA12D0005-91003120F0334
- This federal contract award is a delivery order issued by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Edfinancial Services LLC, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The purpose of this $19,881,983.51 firm fixed-price task order is to allow Edfinancial, as one of the NextGen Enhanced Processing Solution IDIQ contract holders, to begin performing tasks under all non-servicing...
- The U.S. Department of Education's Office of Federal Student Aid awarded a delivery order valued at $41.76 billion to Edfinancial Services LLC for operations and maintenance task order services supporting student loan servicing under the Unified Servicing and Data Solution (USDS) contract. This is a fixed-price delivery order with economic price adjustment provisions, awarded April 1, 2024, with an ultimate completion date of November 20, 2025. The work will be performed in Washington, DC, and...
- The U.S. Department of Education's Office of Federal Student Aid awarded a Steady-State Task Order 2 to Edfinancial Services LLC, a Tennessee-based student loan servicing contractor, valued at $83.4 million. This delivery order was issued under the NextGen Enhanced Processing Solution Indefinite Delivery/Indefinite Quantity (IDIQ) contract and provides non-servicing and specialty programs contact center support and back-office processing services. The task order, which carries a firm fixed price...
- Edfinancial Services LLC has been awarded a firm fixed-price delivery order valued at approximately $9.5M under the Office of Federal Student Aid's $16B Unified Servicing and Data Solution (USDS) indefinite delivery/indefinite quantity contract. The initial task order requires Edfinancial to execute tasks and deliver solutions necessary for the USDS servicer to achieve performance readiness, obtain authorization to operate (ATO), and successfully implement go-live of its student loan servicing...
- This federal contract award is for the purpose of issuing identical steady-state task orders for non-servicing contact center support and back-office processing to Business Process Outsourcing (BPO) providers. The contract has a ceiling value of $39,650,067.69 and was awarded on May 4, 2023 to Edfinancial Services LLC, doing business as Edfinancial, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The contract is a Delivery...
- The Department of Education's Office of Federal Student Aid awarded Edfinancial Services LLC, doing business as Edfinancial, a $1.5 million firm fixed price delivery order against the NextGen Enhanced Processing Solution indefinite-delivery/indefinite-quantity multiple award contract. The purpose of this task order is to provide identical funding to all five contractors under the Business Process Operations task order for implementation. Work will be performed in Concord, Tennessee through...
- This federal contract award, EDFSA09D0012|EDENFS16F0018, was issued by the U.S. Department of Education's Office of Federal Student Aid to the prime contractor Great Lakes Educational Loan Services, Inc. The contract provides for the servicing of Title IV student financial aid in accordance with the Health Care and Education Reconciliation Act of 2010. The task order under this delivery order contract covers the period from September 1, 2016 through August 31, 2017 and provides funding for Title...
- This federal contract award is for the servicing of Title IV student financial aid, in accordance with Section 2212 of the Health Care and Education Reconciliation Act of 2010. The contract was awarded by the Department of Education's Office of Federal Student Aid to Higher Education Servicing Corp, a non-profit organization, for the period of October 1, 2017 to August 31, 2018. The potential value of the contract is $37,517,935.93. The contract is a delivery order under the HCERA-SAFRA...
- This federal contract award, with ID EDFSA09D0014|EDENFS16F0006, was issued by the U.S. Department of Education's Office of Federal Student Aid to the Pennsylvania Higher Education Assistance Agency (PHEAA), which does business as FedLoan Servicing. The $11,061,611.37 firm fixed-price delivery order is for the servicing of Title IV student financial aid, in accordance with the Health Care and Education Reconciliation Act of 2010, as well as the provision of loan consolidation services for...
- This federal contract award, EDFSA09D0013|0022, 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 award is for Title IV student financial aid servicing, specifically data storage services, through approximately December 31, 2017. The contract is a Delivery Order under the Department's Unified Servicing and Data Solution (USDS) indefinite-delivery, indefinite-quantity...
- HCERA-SAFRA Not-For-Profit Servicer ProgramMaster IDIQ
- EDFSA12D0005Indefinite Delivery Contract
- EDFSA12D0005-91003120F0334Delivery Order
This federal contract award, with ID EDFSA12D0005|91003120F0334, was issued by the U.S. Department of Education's Office of Federal Student Aid (FSA) to Edfinancial Services LLC, a for-profit limited liability company specializing in student loan servicing and federal student aid program support. The purpose of this $328,861,577.43 delivery order contract is to create a new task order for the existing HCERA-SAFRA Not-For-Profit Servicer Program contract, with a period of performance from January 1, 2020 to December 31, 2020. This contract is a firm-fixed-price vehicle and does not utilize any set-aside designations. Edfinancial Services LLC, doing business as Edfinancial, is the prime contractor and has been awarded multiple task orders under the Unified Servicing and Data Solution (USDS) and NextGen Enhanced Processing Solution IDIQ contracts to provide student loan servicing, contact center support, and back-office processing services for federal student aid programs.
Name | Description | Solicitation Number | FederalAgency | Type | PostedDate |
|---|---|---|---|---|---|
Legacy Loan Servicing Contract - EdFinancial | Legacy_Awards_EDFSA12D0005 | Department of Education Contracts and Acquisition Management | Award Notice 1/1 | 12/26/23, 1:47 PM |
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| P00117 | Funding Only Action | ($2m) | 4/23/25 | |
| P00116 | Supplemental Agreement for work within scope | $2.1m | 4/10/25 | |
| P00115 | Supplemental Agreement for work within scope | ($107k) | 12/18/24 | |
| P00114 | Other Administrative Action | $0 | 6/26/24 | |
| P00113 | Other Administrative Action | $0 | 6/3/24 |