"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
$325,868,816

Award facts

Contract value 100% obligated
$325,868,816.06 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
NAICS code
561440 Collection Agencies
Set-aside
Total Small Business
Competition
Full and Open Competition after exclusion of sources · 22 offers Multiple Award, Fair Opportunity
Pricing
Firm Fixed Price
Place of performance
Andover, MN 55304, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00052 · The purpose of this modification is to fund and formalize the settlement agreement dated 6/16/2026. Funding has been added pursuant to this agreement. $9,500,000
Funding Only Action P00051 $740,000
Funding Only Action P00050 $739,597
Funding Only Action P00049 $4,019
Funding Only Action P00048 $117,825
Funding Only Action P00047 $69,741
Funding Only Action P00046 $895,228
Funding Only Action P00045 $4,000,000
Funding Only Action P00044 $10,000,000
Funding Only Action P00043 $25,000,000
Other Administrative Action P00042 $0
Funding Only Action P00041 $18,007,730
Funding Only Action P00040 $20,000,000
Funding Only Action P00039 $25,000,000
Funding Only Action P00038 $15,000,000
Other Administrative Action P00037 $0
Funding Only Action P00036 $25,000,000
Funding Only Action P00035 $135,960
Other Administrative Action P00034 $22,470,109
Other Administrative Action P00033 -$1,108,862
Funding Only Action P00032 $4,100,000
Funding Only Action P00031 $7,000,000
Other Administrative Action P00030 $0
Funding Only Action P00029 $20,000,000
Other Administrative Action P00028 $0
Funding Only Action P00027 $17,000,000
Other Administrative Action P00026 $0
Funding Only Action P00025 $15,000,000
Funding Only Action P00024 $1,941,894
Funding Only Action P00023 $25,000
Exercise an Option P00022 $0
Other Administrative Action P00021 -$70,317
Funding Only Action P00020 $9,003,100
Other Administrative Action P00019 $0
Funding Only Action P00018 $15,000,000
Funding Only Action P00017 $11,000,000
Funding Only Action P00016 $13,000,000
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… $584,958
Exercise an Option 14 $1,512,000
Funding Only Action 13 -$2,210,283
Funding Only Action 12 $10,000,000
Other Administrative Action 11 $0
Funding Only Action 10 $12,600,000
Funding Only Action 9 $8,454
Funding Only Action 8 $2,762
Exercise an Option 7 $1,480,000
Funding Only Action 6 $6,000,000
Funding Only Action 5 $319,899
Other Administrative Action 4 $0
Other Administrative Action 3 $0
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About this award

Written by GovTribe AI ·

The Office of Federal Student Aid issued a delivery order to National Recoveries Inc. on October 15, 2015, under the Defaulted Student Loan Collection Services indefinite delivery contract for collection and administrative resolution of defaulted federal student loans, with a ceiling value of $325.9 million.

The order is issued under the Total Small Business set-aside. Place of performance is Andover, Minnesota. The ultimate completion date is September 30, 2024.

In fiscal year 2021, the order invoiced $80.9 million across 328 FTEs and 681,819 contractor hours, yielding a derived government-paid rate of $118.62 per hour. The awardee self-performed all reported hours with no subcontractors.

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 National Recoveries Inc. by Office of Federal Student Aid (Department of Education) on October 15, 2015.

How much is contract 0002 worth?

The government has obligated $325,868,816 on 0002.

Is contract 0002 an order under another contract?

Yes. 0002 is a delivery order under EDFSA14D0019, 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 22 offers. It was set aside: Total Small Business.

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