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...
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...
The U.S. Department of Education's Office of Federal Student Aid (FSA) awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract titled the Unified Servicing and Data Solution (USDS) to the Missouri Higher Education Loan Authority (Mohela), a non-profit organization that specializes in federal student loan servicing and business process operations. The $16 billion USDS IDIQ contract, with an ultimate completion date of April 24, 2033, is intended to consolidate and modernize the...
This indefinite delivery contract was awarded by the U.S. Department of Education's Office of Federal Student Aid to Great Lakes Educational Loan Services, Inc., a for-profit organization, to provide services related to the federal direct student loan program. The contract has a ceiling value of $1,246,933,988.05 and a period of performance through July 10, 2023. Under this IDV, Great Lakes Educational Loan Services, Inc. has received multiple delivery orders to provide a range of specialized...
The U.S. Department of Education's Office of Federal Student Aid (FSA) awarded a $16 billion Indefinite Delivery, Indefinite Quantity (IDIQ) contract vehicle called the Unified Servicing and Data Solution (USDS) to Nelnet Servicing LLC and other contractors. The USDS contract aims to consolidate federal student aid recipients under a single data processing system and modernize legacy student loan servicing operations. Under this IDIQ contract, Nelnet Servicing LLC has been awarded several...
This multiple award Federal Supply Schedule contract with GC Services LP was awarded by the General Services Administration (GSA) under the Professional Services Schedule (PSS). The contract has a ceiling value of $483,226,960 and an ultimate completion date of May 25, 2020. Under this contract, the vendor provides private collection agency services to the Department of Education, Office of Federal Student Aid, to perform collection and administrative resolution activities on debts resulting...
The federal contract IDV award EDFSA13D0003 is a single-award Indefinite Delivery Contract held by Educational Computer Systems, Inc. (ECSI) to provide Perkins Loan Servicing to the U.S. Department of Education's Office of Federal Student Aid. The contract has a ceiling value of $20,350,000 and an ultimate completion date of July 31, 2025. ECSI, the prime contractor, has a consistent history of delivering these loan servicing functions for the Perkins Loan program, a need-based student loan...
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...
This Federal Supply Schedule contract, GS23F0291K, was awarded by the U.S. Department of Education's Office of Federal Student Aid to Alltran Education, Inc., a for-profit organization, to perform collection and administrative resolution activities on debts resulting from non-payment of federal student loans. The contract provides for the delivery of these "critical function" collection services across multiple task orders, with a total potential value of over $332 million. The...