Servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconcilitation act of 2010 (PUB.l. 111-152, 124 stat. 1029)

Ended Awarded Last action

Contract number
EDFSA12D0005
Awardee
Awarding agency
Task orders
11 $533,553,802 obligated

Award facts

Combined order value
  • $555,660,662 Current, with exercised options
  • $567,436,754 Potential, with all options
Last date to order 100% complete
IDV ceiling 19% used
$2,785,300,000.00
Award type
Multiple award
Who can order
Only the awarding agency
Set-aside
No set-aside
Competition
Full and Open Competition · 13 offers Negotiated Proposal / Quote
Pricing
Fixed Price with Economic Price Adjustment
Legislative mandates

Award details come from SAM.gov/FPDS.

About this IDV

Written by GovTribe AI ·

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 billion IDC, Edfinancial is providing a range of services to support FSA's federal student aid programs, including loan servicing operations and maintenance, contact center support, and back-office processing. The IDC has a period of performance through December 31, 2024, and does not utilize any set-aside designations. Edfinancial has also been awarded significant positions on two of FSA's major IDIQ contract vehicles - the $16 billion Unified Servicing and Data Solution IDIQ and the $1.7 billion NextGen Enhanced Processing Solution IDIQ - which allow for continued task order issuance for student aid services through 2026 and 2028, respectively.

Task orders

Task order Ordering agency Obligated Awarded
The purpose of this modification is to create a new task order for contract ED-FSA-12-d-0005 with the period of… 91003120F0334 Office of Federal Student Aid $328,861,577
Modification: the purpose of this modification is to create a new task order for contract ED-FSA-12-d-0005 with the… 91003119F0344 Office of Federal Student Aid $2,883,036
Critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the… 91003118F0352 Office of Federal Student Aid $37,492,453
Critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the… 0008 Office of Federal Student Aid $25,741,844
/ critical function IDIQ: servicing of title IV student financial aid, in accordance with section 2212 of the health… 0007 Office of Federal Student Aid $24,936,670
/ critical function IDIQ: servicing of title IV student financial aid, in accordance with section 2212 of the health… 0005 Office of Federal Student Aid $22,096,650
/ critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the… 0006 Office of Federal Student Aid $129,604
/ critical function IDIQ: servicing of title IV student financial aid, in accordance with section 2212 of the health… 0004 Office of Federal Student Aid $22,744,855
/ critical function task order 0003 - servicing of title IV student financial aid, in accordance with section 2212 of… Office of Federal Student Aid $17,502,200
Critical function - task order 0002 provides servicing of title IV student financial aid in accordance with section… Office of Federal Student Aid $17,946,119
Task order 0001- servicing of title IV student financial aid, in accordance with section 2212 of the health care and… Office of Federal Student Aid $33,218,805
Show all 11

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00089 · The purpose of this modification to contract ED-FSA-12-d-0005 is to revise the pricing structure in section b of the IDIQ contract. The revision increases… $0
Supplemental Agreement for work within scope P00088 · The purpose of this modification is to remove far clause 52.204-30 - federal acquisition supply chain security act orders-prohibition (DEC 2023), from the… $0
Supplemental Agreement for work within scope P00087 · The purpose of this modification is to incorporate fiserv support labor categories and rates. $0
Supplemental Agreement for work within scope P00086 · The purpose of this modification is to incorporate far clause 52.204-30 federal acquisition supply chain security act orders-prohibition (DEC 2023), into the… $0
Supplemental Agreement for work within scope P00085 · The purpose of this modification to contract ED-FSA-12-d-0005 is revise the pricing structure in section b of the IDIQ contract. The revision increases… $0
Supplemental Agreement for work within scope P00084 · The purpose of this modification is to add the on-going cost associated with CR 6703 (on ramp transition period (revised 7/13/23). $0
Other Administrative Action P00083 · The purpose of this modification is to change the contracting officer from jackson mcclam to kimberly kilpatrick. $0
Supplemental Agreement for work within scope P00082 · The purpose of this modification is to incorporate far clause 52.204-27 prohibition on a bytedance covered application into the contract which also effects… $0
Supplemental Agreement for work within scope P00081 · The purpose of this modification is to incorporate far clause 52.222-55 minimum wages for contractor workers under executive order 14026 (JAN 2022) into the… $0
Supplemental Agreement for work within scope P00079 · The purpose of this modification is to modify the pricing structure in section b of the IDIQ contract, previously revised per modification (P00077), to… $0
Supplemental Agreement for work within scope P00078 · Modification for changes to servicing requirements (call center hours and service level agreements) and contract pricing. $0
Supplemental Agreement for work within scope P00077 · The purpose of this modification is to modify the pricing structure in section b of the IDIQ contract, previously revised per modification P00076, to include… $0
Supplemental Agreement for work within scope P00069 · The purpose of this modification is to incorporate on-going cost for CRS 6312 and 6346 and incorporate far clause 52.222-62 $0
Supplemental Agreement for work within scope P00076 · Modification P00076 to EDFSA12D0005 is to revise common unit pricing for CR 6346. $0
Supplemental Agreement for work within scope P00075 · The purpose of this modification is to modify the pricing structure in section b of the IDIQ contract, previously revised per modification (P00073), to… $0
Supplemental Agreement for work within scope P00074 · The purpose of this modification is to revise service level agreement performance metrics and replace future borrower allocation methodology. $0
Supplemental Agreement for work within scope P00072 · The purpose of this modification is to update the pricing structure for CR 6391. $0
Supplemental Agreement for work within scope P00073 · The purpose of this modification to contract ED-FSA-12-d-0005 is revise the pricing structure in section b of the IDIQ contract. The revision increases… $0
Supplemental Agreement for work within scope P00071 · The purpose of this modification is to incorporate common pricing for (CR) 6312 - fresh start plus and (CR) 6346 - borrower defense group discharges. $0
Other Administrative Action P00070 · Incorporate edar and FSA cybersecurity clauses $0
Novation Agreement P00068 · The purpose of this modification is the reflect the novation of contract EDFSA12D0005 and all subsequent task orders from higher education servicing corporation… $0
Supplemental Agreement for work within scope P00067 · The purpose of this modification is to modify the pricing structure in section b of the IDIQ contract, previously revised per modification (P00062), to… $0
Additional Work (new agreement, FAR part 6 applies) P00064 · Extend period of performance as permitted by HR 133. $0
Supplemental Agreement for work within scope P00063 · Update servicer allocation metrics language. $0
Supplemental Agreement for work within scope P00059 · The purpose of this modification is to revise change request (CR) 5654 (covid-19 cares act extension) pricing structure. $0
Supplemental Agreement for work within scope P00057 · The purpose of this modification is to modify the pricing structure to include pricing for change request (CR): CR 5477, national emergency 2020 - forbearance… $0
Supplemental Agreement for work within scope P00055 · The purpose of this modification is to incorporate far clause 52.216-22, indefinite delivery by adding the specific period of performance dates of march 31,… $0
Other Administrative Action P00053 · The purpose of this modification is to extend the ordering period IAW far 52.217-8 for six months, from september 30, 2019 through march 31, 2020 $0
Supplemental Agreement for work within scope P00050 $0
Supplemental Agreement for work within scope P00048 $0
Supplemental Agreement for work within scope P00046 $0
Other Administrative Action P00045 · Critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act… $0
Other Administrative Action P00044 $0
Supplemental Agreement for work within scope P00043 · Base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l.… $0
Supplemental Agreement for work within scope P00042 $0
Supplemental Agreement for work within scope P00041 $0
Supplemental Agreement for work within scope P00040 $0
Supplemental Agreement for work within scope 39 $0
Supplemental Agreement for work within scope 37 $0
Supplemental Agreement for work within scope 36 $0
Supplemental Agreement for work within scope 34 $0
Supplemental Agreement for work within scope 33 · Critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act… $0
Exercise an Option 32 · Base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l.… $0
Definitize Change Order P00010 · Critical function base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act… $0
Change Order P00009 $0
Supplemental Agreement for work within scope P00008 $0
Other Administrative Action P00007 $0
Other Administrative Action P00006 $0
Supplemental Agreement for work within scope P00005 $0
Supplemental Agreement for work within scope P00004 · Base award: servicing of title IV student financial aid, in accordance with section 2212 of the health care and education reconciliation act of 2010 (PUB.l.… $0
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Quick answers

Who was awarded contract EDFSA12D0005?

EDFSA12D0005 was awarded to Edfinancial Services LLC by Office of Federal Student Aid (Department of Education) on January 23, 2012.

How much is contract EDFSA12D0005 worth?

Orders under EDFSA12D0005 have obligated $533,553,802. Their combined current value, with exercised options, is $555,660,662. Their combined potential value, with all options, is $567,436,754. EDFSA12D0005's own ceiling is $2,785,300,000.

How many orders have been placed under contract EDFSA12D0005?

11 orders have been placed under EDFSA12D0005, the latest on December 30, 2019.

Who can order from contract EDFSA12D0005?

EDFSA12D0005 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.

Is contract EDFSA12D0005 part of a contract vehicle?

Yes. EDFSA12D0005 is part of HCERA-SAFRA Not-For-Profit Servicer Program.

Was contract EDFSA12D0005 competed?

The extent of competition for EDFSA12D0005 was full and open competition. The government received 13 offers.

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