Indefinite Delivery Contract 91003123D0001

Award Date 4/25/23
Last Date to Order 4/24/33
Ultimate Awardee
Not listed
Federal Contract Vehicle
Pricing Type
Fixed Price with Economic Price Adjustment
Legislative Mandate
Service Contract Act
National Interest Action
None
Award Type
Multiple
Primary Consortia Member
Not listed
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The Department of Education's Office of Federal Student Aid (FSA) awarded this $2.5 billion Indefinite Delivery Contract to Maximus Education LLC, a for-profit limited liability company, to provide comprehensive student loan servicing capabilities under the $16 billion Unified Servicing and Data Solution (USDS) IDIQ contract. The contract supports FSA's strategic goals of replacing legacy servicing contracts, consolidating borrower services, and enhancing the student loan management process...
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The key products and services being delivered under this federal Indefinite Delivery Contract (IDC) with the U.S. Department of Education's (ED) Office of Federal Student Aid (FSA) are the servicing of Title IV student financial aid in accordance with the Health Care and Education Reconciliation Act of 2010. The prime contractor is Edfinancial Services LLC, a for-profit limited liability company specializing in student loan servicing. Through multiple task orders issued under the $2.785...
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The key products and services being delivered under this federal contract IDV award are comprehensive student loan servicing capabilities for the U.S. Department of Education's Office of Federal Student Aid (FSA). The $16 billion Unified Servicing and Data Solution (USDS) Indefinite Delivery, Indefinite Quantity (IDIQ) contract was awarded to multiple prime contractors, including Maximus Education LLC, on April 25, 2023 with an ultimate completion date of April 24, 2033.

Through the USDS IDIQ, Maximus Education LLC has received several delivery orders to date, including a $184.5 million fixed-price operations and maintenance task order, a $297 million fixed-price task order for loan consolidation origination and adjustments, a $57 million fixed-price O&M task order, and an initial $11.1 million firm-fixed price task order for performance readiness, Authorization to Operate attainment, and servicing system go-live. These task orders support FSA's strategic goals of replacing legacy servicing contracts, consolidating borrower services, and enhancing student loan management through improved technology and operations - all with the aim of transitioning borrowers to a single repayment portal on StudentAid.gov by 2023.

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