Servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l. 111-152, 124 stat. 1029).
Ended Awarded Last action
- Contract number
- EDFSA11D0012
- Awardee
-
Missouri Higher Education Loan Authority UEI N76QY63KMM18
- Awarding agency
-
Office of Federal Student Aid
Department of Education
- Task orders
- 14 $970,578,173 obligated
Award facts
- Opportunity
-
- HCERA/SAFRA - Not-For-Profit (NFP) Servicer Program Award Notice · Posted Sep 29, 2010
- Combined order value
- $990,569,521 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 35% used
- $2,785,300,000.00
- 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 · 13 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 Missouri Higher Education Loan Authority (Mohela), a non-profit organization, has been awarded multiple delivery orders under an Indefinite Delivery Contract (IDC) with the U.S. Department of Education's Office of Federal Student Aid. The purpose of this $2.79 billion IDC, titled the "HCERA-SAFRA Not-For-Profit Servicer Program", is to provide servicing of Title IV student financial aid in accordance with the Health Care and Education Reconciliation Act of 2010.
Under this contract, Mohela has been awarded over $700 million in delivery orders to date for student loan servicing and business process operations. These orders include a $654 million award for Title IV student loan servicing from January 2020 to December 2020, a $32 million award for Title IV aid servicing from September 2019 to December 2019, and several other awards dating back to 2011 for ongoing Title IV student financial aid servicing. Mohela also holds two significant Indefinite Delivery Vehicles with the Department - the $16 billion Unified Servicing and Data Solution IDIQ and the $1.7 billion NextGen Enhanced Processing Solution IDIQ - which further demonstrate the organization's extensive role in supporting the Department of Education's federal student loan programs.
Task orders
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Transactions
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| Other Administrative Action | $0 | |
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| Additional Work (new agreement, FAR part 6 applies) | $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 | |
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| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| 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 EDFSA11D0012?
EDFSA11D0012 was awarded to Missouri Higher Education Loan Authority by Office of Federal Student Aid (Department of Education) on September 22, 2011.
How much is contract EDFSA11D0012 worth?
Orders under EDFSA11D0012 have obligated $970,578,173. Their combined current value, with exercised options, is $990,569,521. EDFSA11D0012's own ceiling is $2,785,300,000.
How many orders have been placed under contract EDFSA11D0012?
14 orders have been placed under EDFSA11D0012, the latest on December 30, 2019.
Who can order from contract EDFSA11D0012?
EDFSA11D0012 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Is contract EDFSA11D0012 part of a contract vehicle?
Yes. EDFSA11D0012 is part of HCERA-SAFRA Not-For-Profit Servicer Program.
Was contract EDFSA11D0012 competed?
The extent of competition for EDFSA11D0012 was full and open competition. The government received 13 offers.
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