Perkins Loan Servicing (Justification)
Awarded Limited / Sole Source Justification Posted
See the award notice from .
- Solicitation number
- 91003125C0020
- Agency
-
Contracts and Acquisition Management
Department of Education
- 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 Department of Education's Federal Student Aid (FSA) has issued a sole source justification under FAR 6.302-1 to award a bridge contract to Educational Computer Systems, Inc. (ECSI) for continued Federal Perkins Loan servicing operations. The contract, valued at approximately $11.3 million, provides for a 6-month base period with four 3-month options for a total potential duration of 18 months, covering the servicing of approximately 125,000 borrowers with a loan portfolio exceeding $2.6 billion. The sole source award is justified because ECSI is the incumbent contractor uniquely positioned to provide uninterrupted service while FSA awaits resolution of a Court of Federal Claims protest regarding the competitive solicitation 91003124R0017, with the current contract expiring July 31, 2025. Services under the contract include loan servicing operations, monthly billing, borrower communications, payment processing, early-stage default management, system maintenance with 99% availability requirements, NSLDS reporting, and cybersecurity compliance. The award represents a bridge solution to maintain critical loan servicing capabilities for borrowers during the protest resolution period.
Notice text
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.
In accordance with FAR 6.305 the justification for other than full and open competition is provided for the award to Educational Computer Systems, Inc. of work for the continued servicing of federally held Perkins loans.
Awarded contract 91003125C0020 to unknown vendor for unknown amount on 2025-07-31.
Files
| File | Type | Posted |
|---|---|---|
| Perkins JOFOC - 6.302-1_Redacted.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| Perkins Loan Servicing (Bridge Award) | Award Notice | |
| This notice | Limited / Sole Source Justification |
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