IDIQ contract entitled the unified servicing and data solution (usds) for servicing capabilities for FSA's student aid recipients.
Active Awarded Last action
- Contract number
- 91003123D0003
- Awardee
-
Edfinancial Services LLC UEI TB69PMAFZSK8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Task orders
- 6 $545,112,183 obligated
Award facts
- Opportunity
-
- Background and Request for Information on the Unified Servicing and Data Solution (USDS) Special Notice · 91003122R0007 · Posted Feb 23, 2022
- Combined order value
- $629,713,031 Current and potential, with all options
- Last date to order 35% complete
- IDV ceiling 3% used
- $16,000,000,000.00
- Award type
- Multiple award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 522390 Other Activities Related to Credit Intermediation
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 8 offers Negotiated Proposal / Quote
- Pricing
- Fixed Price with Economic Price Adjustment
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
About this IDV
The Office of Federal Student Aid awarded an indefinite-delivery contract to Edfinancial Services LLC on April 25, 2023, for the Unified Servicing and Data Solution (USDS) IDIQ with a $16 billion ceiling and ultimate completion date of April 24, 2033. This is a multiple-award contract with no set-aside.
Place of performance is Concord, Tennessee. The USDS IDIQ procures comprehensive student loan servicing operations and data management for the federal student aid portfolio, replacing legacy servicing contracts and transitioning borrowers to a single repayment portal on StudentAid.gov. The originating Request for Information, published February 23, 2022, sought vendor information to inform market research and procurement planning for the transition.
The prime contract runs through April 24, 2033. Recent task-order activity includes a $278.95 million delivery order issued April 1, 2026, for operations and maintenance of student loan servicing through December 31, 2027, priced fixed-price with economic price adjustment and incorporating funding for change requests 10874, 10986, and 10988; an $87.45 million order issued October 1, 2025, for operations and maintenance with ultimate completion April 1, 2027; a $209.3 million order issued July 1, 2024, for operations and maintenance through March 20, 2027, which invoiced $168.9 million in fiscal year 2025 across 791 FTEs; a $41.8 million order issued April 1, 2024, for operations and maintenance extended through November 20, 2025, which generated $35.8 million in invoiced labor across 201 FTEs in fiscal year 2024; and an initial $9.4 million firm-fixed-price order issued April 25, 2023, for performance readiness, Authorization to Operate, and go-live of the servicing system.
All orders carry place of performance in Concord, Tennessee and are fixed-price with economic price adjustment except the initial April 2023 order. Edfinancial self-performs approximately 90 percent of delivery.
Task orders
Transactions
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| Supplemental Agreement for work within scope | $0 | |
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| Other Administrative Action | $0 | |
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| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
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| Supplemental Agreement for work within scope | $0 | |
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| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 |
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Quick answers
Who was awarded contract 91003123D0003?
91003123D0003 was awarded to Edfinancial Services LLC by Office of Federal Student Aid (Department of Education) on April 25, 2023.
How much is contract 91003123D0003 worth?
Orders under 91003123D0003 have obligated $545,112,183. Their combined current value, with exercised options, is $629,713,031. 91003123D0003's own ceiling is $16,000,000,000.
How many orders have been placed under contract 91003123D0003?
6 orders have been placed under 91003123D0003, the latest on September 25, 2026.
Who can order from contract 91003123D0003?
91003123D0003 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Is contract 91003123D0003 part of a contract vehicle?
Yes. 91003123D0003 is part of Unified Servicing and Data Solution.
Was contract 91003123D0003 competed?
The extent of competition for 91003123D0003 was full and open competition. The government received 8 offers.
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