Edfinancial Services LLC
Knoxville, TN
- UEI
- TB69PMAFZSK8
- CAGE
- 59S93
- Primary NAICS
- 522390 Other Activities Related to Credit Intermediation
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
- Self-certified in SAM.gov
- Entity structure
- Partnership or Limited Liability Partnership
- Other NAICS codes in SAM.gov
- SAM.gov registration date
- Physical address
- 298 N Seven Oaks Dr, Knoxville, TN 37922, USA
- Website
- studentaid.gov
- Founded
- 1986
- Employees
- 251-1K
- Estimated annual revenue
- $100M-$250M
- Industry
-
- Consumer Discretionary
- Diversified Consumer Services
- Education Services
- Education
- SIC code
- 94 Administration of Human Resources
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $140,608,942 |
| FY2025 | $249,322,949 |
| FY2024 | $185,542,189 |
| FY2023 | $131,175,059 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Education | $140,608,942 |
Contract vehicles
Expired vehicles (1)
Contract awards
Latest 5 listed here. See the rest on GovTribe.
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| Nelnet Business Services | Lincoln, NE | 522390 Other Activities Related to Credit Intermediation |
| Maximus Education LLC | McLean, VA | 522390 Other Activities Related to Credit Intermediation |
| Mohela | Chesterfield, MO | 522291 Consumer Lending |
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About the company
Edfinancial Services LLC, operating as Edfinancial, is a for-profit limited liability partnership based in Knoxville, Tennessee, that provides student loan servicing operations, contact center support, and back-office processing for federal student aid programs exclusively to the Department of Education's Office of Federal Student Aid as a prime contractor (100% of awards). Edfinancial competes full-and-open with no set-aside designations across all awards.
Edfinancial's federal footprint is singular and concentrated. The Office of Federal Student Aid accounts for all fourteen prime awards and the entire $21.59 billion in combined potential value across the vendor's recent portfolio. The company holds two significant IDIQs: the $16 billion Unified Servicing and Data Solution (USDS) contract awarded April 25, 2023, running through April 24, 2033, and the $1.7 billion NextGen Enhanced Processing Solution contract for business process outsourcing, with place of performance in Concord, Tennessee. Under USDS, Edfinancial has issued six task orders totaling $629.7 million in combined potential value; under NextGen, four task orders total $151 million. Representative work includes a $278.95 million April 2026 operations-and-maintenance delivery order under USDS for student loan servicing through December 31, 2027, a $209.3 million July 2024 order for operations and maintenance invoicing $168.9 million in fiscal year 2025 across 791 FTEs, an $89.9 million November 2024 order under NextGen for contact center and back-office processing for non-servicing and specialty programs, and a $39.65 million May 2023 order under NextGen for identical steady-state task orders across non-servicing functional areas. An additional $9.4 million April 2023 firm-fixed-price order supported performance readiness, Authorization to Operate, and go-live of the USDS servicing system. Edfinancial also holds a single award under the HCERA-SAFRA Not-For-Profit Servicer Program carrying $328.9 million potential value.
SCI-reported invoicing of $507.7 million spans fiscal years 2023 through 2025, with invoiced labor climbing from $123 million in FY2023 across 709 FTEs, to $177.3 million in FY2024 across 1,080 FTEs, to $207.4 million in FY2025 across 1,129 FTEs. Government-paid rates on SCI-reportable prime contracts run a median of $62.78 per hour, with the tenth percentile at $8.36 per hour and the ninetieth percentile at $101.54 per hour, reflecting a wide range of labor categories from data processing through senior technical and operational roles. Across prime contracts, Edfinancial self-performs approximately 90 percent of delivery, engaging subcontractors for roughly 9 percent of contractor hours; twenty-seven named subcontractors are reported across the prime SCI records. Six awards carrying combined potential value of $678.1 million reach ultimate completion within the next twenty-four months and face recompete exposure in that window.
Quick answers
Is Edfinancial Services LLC registered in SAM.gov?
Yes. Edfinancial Services LLC's SAM.gov registration is active through July 14, 2027.
Which contract vehicles does Edfinancial Services LLC hold?
Edfinancial Services LLC holds a place on 2 federal contract vehicles, including Unified Servicing and Data Solution.
How much has Edfinancial Services LLC received in federal contracts?
Federal contracts obligated $249,322,949 to Edfinancial Services LLC in fiscal year 2025 and $706,649,138 in fiscal years 2023 through 2027.
How does Edfinancial Services LLC rank among federal contractors?
Edfinancial Services LLC ranked #2 in NAICS 52232, #3 in NAICS 522 and #4 at the Department of Education in FY2025.
What is Edfinancial Services LLC's most recent federal award?
Edfinancial Services LLC's most recent federal contract award is Task order for default prevention pilot for calendar year 2026 (91003126F0056), from Office of Federal Student Aid, on September 25, 2026.
On GovTribe
See Edfinancial Services LLC's full federal record
- Federal contract awards
- IDV awards
- Contract vehicles
- Funding analysis by agency, NAICS and set-aside
- Similar vendors