ISAC - Debt Collection Services

The State of Illinois, through the Illinois Department of Public Health (IDAPP), awarded an open market small purchase contract to Transworld Systems Inc. valued at $93,500.00. The contract, designated 27-691ISAC-IDAPP-P-101945, was executed on September 27, 2026, with a completion date of March 26, 2027, representing a six-month performance period. The prime contractor will provide debt collection services specifically targeting defaulted private student loans and decertified Illinois Scholarships, commonly referenced as GROANS (Grants for Returning Adults Needing Support).

The contract carries standard State of Illinois procurement requirements, including mandatory compliance with the Standard Illinois Certifications (Version 26.2) and Standard Terms and Conditions (Version 23.2). These requirements impose obligations related to payment processing under the State Prompt Payment Act, maintenance of general liability insurance at $1,000,000 per occurrence, record retention for a minimum of three years, and compliance with all applicable federal, state, and local laws. The State retains termination rights for convenience with 30 days' notice and does not waive sovereign immunity. All contractual disputes must be resolved through the Illinois Court of Claims.