Indefinite Delivery Contract EDFSA09D0014

Award Date 6/17/09
Last Date to Order 12/15/21
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 U.S. Department of Education's Office of Federal Student Aid (FSA) has awarded Edfinancial Services LLC, a for-profit limited liability company, an Indefinite Delivery/Indefinite Quantity (IDIQ) contract titled the Unified Servicing and Data Solution (USDS). This $16 billion multiple-award IDIQ contract provides a full range of student aid services, including loan servicing, contact center support, and back-office processing. Under this IDIQ, Edfinancial has been awarded several task...
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 U.S. Department of Education's Office of Federal Student Aid (FSA) awarded a $16 billion Indefinite Delivery, Indefinite Quantity (IDIQ) contract titled the Unified Servicing and Data Solution (USDS) to Maximus Education LLC, a for-profit limited liability company. The USDS IDIQ contract, awarded on April 25, 2023 with an ultimate completion date of April 24, 2033, enables FSA to acquire comprehensive student loan servicing capabilities, including operations and maintenance, system...
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  • EDFSA09D0014
    Indefinite Delivery Contract
  • 30
    Federal Contract Awards

The Pennsylvania Higher Education Assistance Agency (PHEAA), doing business as FedLoan Servicing, was awarded a multiple award indefinite delivery contract (IDC) by the U.S. Department of Education's Office of Federal Student Aid to provide servicing of Title IV student financial aid programs. The $2.49 billion contract, which does not have any set-aside designations, covers a range of Title IV compliance activities such as loan conversion, financial reconciliation, servicing, reporting, record retention, and audit support.

Through various task orders issued under this IDC, PHEAA has been awarded over $500 million to service Direct Loans, $43 million for loan consolidation services, and $2.9 million for TEACH Grant servicing. The contracted services are performed primarily at PHEAA's facilities in Harrisburg, Pennsylvania. As the nation's largest servicer of federal student loans, PHEAA leverages its extensive experience and infrastructure to administer these critical federal student aid programs on behalf of the Department of Education.

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