NextGen Enhanced Processing Solution

Award Date 6/23/2020
Last Date To Order 6/22/2023
Shared Ceiling $1.7B
Contract Type
Master IDIQ
Predecessor
Not listed
Successors

The NextGen Enhanced Processing Solution is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded by the U.S. Department of Education's Office of Federal Student Aid (FSA) to multiple prime contractors. The contract's primary purpose is to provide comprehensive student loan servicing and business process operations across the entire student loan lifecycle. Specifically, the solution will manage full "life of the loan" servicing, including handling loans of all statuses, migrating existing loans from current servicers, and deploying advanced capabilities to improve customer experience, automation, and operational efficiency.

Task orders under this $1.7 billion IDIQ contract are consistently awarded to five prime contractors: Edfinancial Services LLC, Missouri Higher Education Loan Authority (Mohela), F.H. Cann & Associates, Maximus Federal Services, and Trellis Company. These task orders typically range from $20 million to $75 million and have performance periods extending to October 2026. The contracts cover non-servicing contact center support, back-office processing, imaging/data capturing, printing, and fulfillment capabilities for student financial assistance programs. None of the task orders utilize set-aside designations, and performance locations are primarily at the contractors' existing facilities. The delivery orders are consistently structured as firm-fixed-price contracts, reflecting the Department of Education's standardized approach to procuring these critical student loan servicing capabilities.

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