Perkins Loan Servicing (Bridge Award)
Award Notice Posted
- Solicitation number
- 91003125C0020
- Agency
-
Contracts and Acquisition Management
Department of Education
- Awarded
- to Educational Computer Systems, Inc.
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 91003125C0020 Federal contract award
- NAICS code
- 522110 Commercial Banking
- PSC
- R710 Support- Management: Financial
- Place of performance
- Moon Township, Pennsylvania, United States
Notice details come from SAM.gov. Updated .
About this opportunity
The U.S. Department of Education's Contracts and Acquisition Management office awarded a sole source bridge contract valued at approximately $11.3 million to Educational Computer Systems, Inc. (ECSI) for continued servicing of federally held Perkins loans. The fixed-price contract includes a 6-month base period with four 3-month options, totaling up to 18 months of service, and covers loan servicing for approximately 125,000 borrowers with a portfolio valued at over $2.6 billion. The bridge contract was necessary due to an ongoing Court of Federal Claims protest regarding the new Perkins Loan Servicing contract award, requiring uninterrupted service continuation beyond the original contract expiration date of July 31, 2025. Services under the contract include monthly billing, borrower communications, payment processing, default management, loan transfers, maintaining 99% system availability, and eventual transition of borrowers to the ultimate contract awardee after protest resolution.
Notice text
The U.S. Department of Education awarded a fixed-price contract to to Educational Computer Systems, Inc. for the continued servicing of federally held Perkins loans. In accordance with FAR 6.305 the justification for other than full and open competition is provided. One (1) proposal was received.
JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION – Perkins Loan Servicing: FAR 6.302-1 Only one responsible source and no other supplies or services will satisfy agency requirements.
Awarded contract 91003125C0020 to EDUCATIONAL COMPUTER SYSTEMS, INC. for 9437210.40 on 2025-07-31.
Files
| File | Type | Posted |
|---|---|---|
| Perkins JOFOC - 6.302-1_Redacted.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Award Notice | |
| Perkins Loan Servicing (Justification) | Limited / Sole Source Justification |
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