Debt Collection Services
Ended Master IDIQ Awarded
- Federal agency
-
Office of Federal Student Aid
- Awardees
- 7 across 8 IDV awards
- Task orders
- 5
- Obligated
- $8,902,186
Vehicle facts
- Opportunity
-
- EDFSA16R0009 Solicitation number
- Agency
-
- Office of Federal Student Aid Department of Education
- Combined task order value
-
- $8,902,186 Current, with exercised options
- $843,102,186 Potential, with all options
- Last date to order 100% complete
- Shared ceiling 2% used
- $417,100,002.00
IDV award and task order details come from SAM.gov/FPDS.
About this vehicle
The Department of Education Office of Federal Student Aid established this Master IDIQ for private collection agency services on defaulted federal student loans on December 9, 2016, with a last date to order of December 8, 2021—ordering closed over four years ago and the vehicle is no longer accepting new task orders.
The vehicle is not actively generating new work. Five task orders were awarded between April 2017 and December 2019, with no new orders placed since late 2019. The most recent task-order award occurred over six years ago. All five orders are closed-out or in final completion status, with ultimate completion dates between June 2017 and May 2020. Combined potential value across all task orders reaches $843.1 million, but only $8.9 million has been obligated—a utilization rate of approximately 1 percent, indicating that most awarded ceiling values were never drawn down.
Two mega-primes dominate the vehicle's value: Transworld Systems Inc. holds a single $420.7 million ceiling order, and Premiere Credit Of North America, LLC holds a single $419.4 million ceiling order. These two firms account for roughly 99 percent of combined potential value. The CBE Group, Inc., was awarded two smaller orders totaling $2.2 million in combined potential value, and Performant Recovery, Inc., received one order for $802 thousand. All five task orders are unrestricted (no set-aside used). The Department of Education Office of Federal Student Aid is the sole customer across all orders.
Work performed encompasses collection and administrative resolution activities on debts arising from non-payment under federal student aid loan programs. No pursuit opportunity exists; the vehicle's ordering window closed in December 2021 and no new task orders have been issued for over six years.
Description
Private collection agency performs collection and administrative resolution activities on debts resulting from non-payment of student loans made under the various federal student aid loan programs.
IDV awards
Latest task orders
Top awardees by obligations
| Rank | Awardee | Obligated | Share |
|---|---|---|---|
| 1 | Transworld Systems Inc. | $3,560,000 | 40% |
| 2 | Premiere Credit Of North America, LLC | $2,300,000 | 26% |
| 3 | The CBE Group, Inc. | $2,240,672 | 25% |
| 4 | Performant Recovery, Inc. | $801,514 | 9% |
Top funding agencies by obligations
| Rank | Funding agency | Obligated | Share |
|---|---|---|---|
| 1 | Department of Education | $8,902,186 | 100% |
Obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2020 | $8,902,185 |
| FY2017 | $1 |
Quick answers
What is the Debt Collection Services contract vehicle?
Debt Collection Services is an indefinite delivery, indefinite quantity (IDIQ) contract vehicle run by Office of Federal Student Aid (Department of Education), awarded on December 9, 2016.
Which companies hold Debt Collection Services?
7 companies hold Debt Collection Services's 8 IDV awards. The latest went to Windham Professionals Inc. on January 11, 2018. The awardees whose task orders obligated the most are Transworld Systems Inc., Premiere Credit Of North America, LLC and The CBE Group, Inc.
How much has been spent through Debt Collection Services?
5 task orders have been placed under Debt Collection Services, obligating $8,902,186.
What is the shared ceiling of Debt Collection Services?
Debt Collection Services's shared ceiling is $417,100,002; its task orders have used 2% of it.
Which agencies use Debt Collection Services the most?
The departments whose task orders under Debt Collection Services obligated the most are Department of Education ($8,902,186).
On GovTribe
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