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
- EDFSA09D0014
- Awardee
-
Pennslyvania Higher Education Assistance Agency UEI Q1NHK42T4EB5 Part of Commonwealth Of Pennsylvania
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Task orders
- 30 $1,750,245,779 obligated
Award facts
- Combined order value
- $1,894,423,977 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 70% used
- $2,493,060,591.78
- 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 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.
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
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Transactions
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| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
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| Supplemental Agreement for work within scope | $0 |
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Quick answers
Who was awarded contract EDFSA09D0014?
EDFSA09D0014 was awarded to Pennslyvania Higher Education Assistance Agency by Office of Federal Student Aid (Department of Education) on June 17, 2009.
How much is contract EDFSA09D0014 worth?
Orders under EDFSA09D0014 have obligated $1,750,245,779. Their combined current value, with exercised options, is $1,894,423,977. EDFSA09D0014's own ceiling is $2,493,060,592.
How many orders have been placed under contract EDFSA09D0014?
30 orders have been placed under EDFSA09D0014, the latest on March 30, 2020.
Who can order from contract EDFSA09D0014?
EDFSA09D0014 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract EDFSA09D0014 competed?
The extent of competition for EDFSA09D0014 was full and open competition. The government received 5 offers.
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