GovChime
IDVOther than small business

IDC (multiple-award IDV) 91003123D0005NELNET SERVICING LLC

Overview

Award facts

Obligated on orders under this IDV
$914.93M
$914,930,914 across 8 orders
Period of performance
From Apr 25, 2023
Modifications
61
Latest action Sep 29, 2026
Contract type
IDC (multiple-award IDV)
PIID 91003123D0005

Description of requirement

IDIQ CONTRACT ENTITLED THE UNIFIED SERVICING AND DATA SOLUTION (USDS) FOR SERVICING CAPABILITIES FOR FSA'S STUDENT AID RECIPIENTS.

Dates and value

Award date
Signed on Apr 24, 2023
Ordering period ends
Apr 24, 2033
Ceiling
Shared program ceiling (all awardees of this multiple-award vehicle, not a per-awardee value): $16,000,000,000

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Sep 29, 2026. View on USAspending · Recipient on SAM.gov

Recipient

NameNELNET SERVICING LLC
LocationLINCOLN, NE
UEIMNXKQ62J7AE8
CAGE code5JZQ5
Business sizeOther than small businessSize at award, per the contracting officer
Organization typeCorporate not tax exempt
Parent companyNELNET SERVICING LLC

Business types and certifications

For-profit organizationLimited liability companyCorporation (not tax-exempt)

Self-reported at the time of the action.

Agency and place

Awarding and funding

Awarded by
  1. Department of Education
  2. FSA ACQUISITIONS OFFICE
Funded by
  1. Department of Education
  2. FEDERAL STUDENT AID

Classification and competition

Classification

NAICS
522390OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION
Product or service (PSC)
R710SUPPORT- MANAGEMENT: FINANCIAL (service)

Competition

Extent competed
Full and open competitionA
Solicitation procedures
Negotiated proposal/quoteNP
Set-aside
No set-aside used
Contract pricing
Fixed price with economic price adjustmentK
Offers received
8

Solicitation and notices

Solicitation ID
91003122R0007
Solicitation date
May 19, 2022
Notices

Contract details

Subcontracting plan
Individual subcontract planF
Cost Accounting Standards clause
Not applicable exempt from CASX
Certified cost or pricing data
No
Service Contract Act labor standards
Yes
Commercial procedures
Commercial products/services procedures not usedD
Government-furnished property
Transaction uses GFE/GFPY
Bundled requirement
Not bundledH
Consolidated requirement
Not consolidatedD
Undefinitized action (terms not final)
No
Multi-year contract
No
Performance-based service acquisition
Yes - service where PBA is used.Y

Transaction history

Modification history

Base award
Apr 24, 2023
Latest action
Sep 29, 2026 — Supplemental agreement (within scope)Modification P00061
Latest substantive action
Sep 29, 2026 — Supplemental agreement (within scope)Modification P00061
Actions by type
  • Base award1
  • Supplemental agreement (within scope)59
  • Novation (contract transferred)1
  • Other administrative action1
62 actions recorded, Apr 24, 2023 to Sep 29, 2026; each action counted once.

All contract data

All contract data

Every other field reported for this award, as of its latest reported action

Competition

Evaluation preference
No preference used
Local area set-aside
No
Synopsized publicly (SAM.gov / FedBizOpps)
Yes
Simplified procedures for commercial items
No

Socio-economic and policy

Inherently governmental functions
Critical functionsCT
Recovered materials and sustainability
No clauses included and no sustainability includedC
Clinger-Cohen Act planning (IT)
No

Place and origin

Domestic or foreign entity
U.S. owned businessA

Structure

Award or IDV
IDV
IDV type
IDCB
Indefinite-delivery contract type
Indefinite delivery / indefinite quantityB
Multiple or single award
Multiple awardM
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
910031
Transactions recorded under this award key
51

Funding

Funding agency code
9100
Funding sub-tier code
9100
Funding office code
910055