Servicing of title IV student financial aid. TAS code: to provide title IV student loan management and servicing to secondary education students. Specific compliance activities for servicing federally…
Ended Indefinite Delivery Contract Awarded Last action
- Contract number
- EDFSA09D0013
- Awardee
-
Nelnet Servicing LLC UEI MNXKQ62J7AE8
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Task orders
- 40 $2,060,520,760 obligated
Award facts
- Combined order value
- $2,212,160,727 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 64% used
- $3,230,503,506.62
- 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 · 5 offers Two Step
- Pricing
- Fixed Price with Economic Price Adjustment
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this IDV
The U.S. Department of Education's Office of Federal Student Aid awarded an Indefinite Delivery Contract (IDC) to Nelnet Servicing LLC, a for-profit limited liability company, to provide a wide range of student loan servicing and administration services. This $3.23 billion multiple-award Indefinite Delivery, Indefinite Quantity (IDIQ) contract, known as the Unified Servicing and Data Solution (USDS), aims to consolidate all federal student aid recipients under a single data processing system operated by prime contractors like Nelnet.
Under this IDIQ, Nelnet has received numerous delivery orders totaling over $1 billion to perform functions such as direct loan servicing, call center operations, payment processing, data management, loan consolidation, and support for various federal student aid programs, including the Total and Permanent Disability (TPD) and Title IV servicing. These orders do not have any set-aside designations and are primarily awarded for firm-fixed-price services to be performed at Nelnet's headquarters in Lincoln, Nebraska, with some work in Washington, D.C.
Description
Servicing of title IV student financial aid. TAS code: to provide title IV student loan management and servicing to secondary education students. Specific compliance activities for servicing federally held assets may include, but are not limited to: (1) security (2) loan conversion, (3) financial reconciliation (4) servicing (5) reporting (6) record retention and (7) audit response support.
Task orders
Show all 40
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
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| Other Administrative Action | $0 | |
| 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 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| 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 | |
| Other Administrative Action | $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 | |
| Other Administrative Action | $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 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $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 | |
| Other Administrative Action | $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 EDFSA09D0013?
EDFSA09D0013 was awarded to Nelnet Servicing LLC by Office of Federal Student Aid (Department of Education) on June 17, 2009.
How much is contract EDFSA09D0013 worth?
Orders under EDFSA09D0013 have obligated $2,060,520,760. Their combined current value, with exercised options, is $2,212,160,727. EDFSA09D0013's own ceiling is $3,230,503,507.
How many orders have been placed under contract EDFSA09D0013?
40 orders have been placed under EDFSA09D0013, the latest on December 16, 2019.
Who can order from contract EDFSA09D0013?
EDFSA09D0013 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract EDFSA09D0013 competed?
The extent of competition for EDFSA09D0013 was full and open competition. The government received 5 offers.
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