"critical function" - private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various federal student…

Ended Awarded Last action

Contract number
0002
Awardee
Awarding agency
Obligated
$218,477,552

Award facts

Contract value 100% obligated
$219,193,101.30 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
NAICS code
561440 Collection Agencies
Set-aside
No set-aside
Competition
Full and Open Competition after exclusion of sources · 21 offers Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Central Point, OR, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00053 -$2,316,438
Funding Only Action P00052 $600,000
Funding Only Action P00051 $613,710
Funding Only Action P00050 $2,064
Funding Only Action P00049 $106,550
Funding Only Action P00048 $95,044
Funding Only Action P00047 $1,013,811
Funding Only Action P00046 $20,000,000
Funding Only Action P00045 $30,000,000
Other Administrative Action P00044 $0
Funding Only Action P00043 $40,000
Funding Only Action P00042 $12,247,520
Other Administrative Action P00041 $0
Funding Only Action P00040 $20,000,000
Funding Only Action P00039 $12,000,000
Other Administrative Action P00038 $0
Funding Only Action P00037 $15,000,000
Funding Only Action P00036 $18,000,000
Funding Only Action P00035 $187,416
Funding Only Action P00034 $1,758,168
Other Administrative Action P00033 -$2,220,427
Funding Only Action P00032 $16,000,000
Funding Only Action P00031 $10,000,000
Other Administrative Action P00030 $0
Funding Only Action P00029 $8,000,000
Other Administrative Action P00028 $0
Funding Only Action P00026 $10,000,000
Other Administrative Action P00027 $0
Funding Only Action P00025 $5,876
Funding Only Action P00024 $10,000
Other Administrative Action P00023 $0
Other Administrative Action P00022 -$54,338
Funding Only Action P00021 $6,648,000
Other Administrative Action P00020 $0
Funding Only Action P00019 $1,000,000
Funding Only Action P00018 $8,000,000
Funding Only Action P00017 $7,000,000
Funding Only Action P00016 $7,000,000
Funding Only Action P00015 · Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the… $509,470
Other Administrative Action 14 $0
Other Administrative Action ADM $0
Exercise an Option 13 $780,000
Funding Only Action 12 -$357,775
Funding Only Action 11 $5,500,000
Funding Only Action 10 $8,400,000
Other Administrative Action 9 $0
Other Administrative Action 8 $0
Funding Only Action 7 $737,000
Funding Only Action 6 $1,000,000
Funding Only Action 5 $171,900
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About this award

Written by GovTribe AI ·

The Department of Education's Office of Federal Student Aid awarded a delivery order against the Defaulted Student Loan Collection Services master IDIQ to Action Financial Services, LLC for $219.2 million. Under the contract, Action Financial Services will perform collection and administrative resolution activities on defaulted student loans made under various federal student aid loan programs through September 2024. As the prime contractor, Action Financial Services will utilize its central location in Central Point, Oregon to provide critical collection functions for the Department of Education's student loan portfolio. No set-aside designation was applied to this award.

Description

As the agency reported it.

"critical function" - private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various federal student aid loan programs.

Quick answers

Who was awarded contract 0002?

0002 was awarded to Action Financial Services, LLC by Office of Federal Student Aid (Department of Education) on October 16, 2015.

How much is contract 0002 worth?

The government has obligated $218,477,552 on 0002. Its current value, with exercised options, is $219,193,101.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0010, an indefinite delivery contract, on Defaulted Student Loan Collection Services.

Was contract 0002 competed?

The extent of competition for 0002 was full and open competition after exclusion of sources. The government received 21 offers.

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