MiDeal Only Student Loan Default Prevention Management Services
Active State & local contract Michigan Awarded
- Contract number
- MA210000000669
- Awardee
- BAKER & ASSOCIATES PROFESSIONAL ENGINEERS
- Contracting organization
- Not on record
Contract facts
- End date
- Points of contact
-
- Kara Scheeneman scheenemank@michigan.gov (517) 335-3031
- Susan Watt-Smith wattsmith@michigan.gov (517) 230-0535
- Joy Nakfoor nakfoorj@michigan.gov (517) 249-0481
Updated .
About this contract
This indefinite delivery vehicle provides comprehensive student loan default prevention and management services exclusively to MiDEAL member institutions, which encompass local units of government, school districts, universities, community colleges, and nonprofit hospitals throughout Michigan. The contract encompasses three primary service offerings: Grace Counseling Outreach, which involves proactive contact with borrowers during grace periods; Default Aversion Outreach, which targets delinquent borrowers to facilitate default resolution; and Financial Literacy Programs designed to enhance borrower financial management capabilities. Pricing flexibility is provided through two options: Option 1 charges $2.50 per borrower for Grace Counseling, $19.00 per borrower for Default Aversion Outreach, and no fee for Financial Literacy Programs; Option 2 bundles all services at $20.00 per borrower with Grace Counseling included at no additional cost. Payment terms are Net 45 with an incentive discount of 2% for Net 10 payment.
Student Connections, LLC, a Texas-based limited liability corporation, serves as the prime contractor for this Michigan Department of Technology, Management and Budget IDV. The contract commenced on April 1, 2021, with an initial term extending through March 31, 2028, and includes three optional one-year renewal periods exercisable at the State's discretion. The vehicle covers all of Michigan and operates under a cost-per-transaction model with no guaranteed minimum or maximum order volumes. The contractor must maintain compliance with state and federal security requirements, including NIST standards and annual security audits, while providing monthly reporting to schools and annual aggregate reporting to the State.
Files
| File | Type | Posted |
|---|---|---|
| 210000000669.pdf |
Quick answers
Who holds contract MA210000000669?
Contract MA210000000669 was awarded to BAKER & ASSOCIATES PROFESSIONAL ENGINEERS in Michigan on April 1, 2021.
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