GovChime
IDVOther than small business

IDC (multiple-award IDV) EDFSA09D0013NELNET SERVICING LLC

Overview

Award facts

Obligated on orders under this IDV
$2.06B
$2,060,520,761 across 40 orders
Period of performance
From Jun 17, 2009
Modifications
158
Latest action Dec 31, 2024
Contract type
IDC (multiple-award IDV)
PIID EDFSA09D0013

Description of requirement

SERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS CODE: TAS::91 0198::TAS TO PROVIDE TITLE IV STUDENT LOAN MANAGEMENT AND SERVICING TO SECONDARY EDUCATION STUDENTS. SPECIFIC COMPLIANCE ACTIVITIES FOR SERVICING FEDERALLY HELD ASSETS MAY INCLUDE, BUT ARE NOT LIMITED TO: (1) SECURITY (2) LOAN CONVERSION, (3) FINANCIAL RECONCILIATION (4) SERVICING (5) REPORTING (6) RECORD RETENTION AND (7) AUDIT RESPONSE SUPPORT.

Dates and value

Award date
Signed on Jun 17, 2009
Ordering period ends
Dec 30, 2024
Ceiling
Shared program ceiling (all awardees of this multiple-award vehicle, not a per-awardee value): $3,230,503,507

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Dec 31, 2024. 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
Parent companyNELNET SERVICING LLC

Business types and certifications

For-profit organizationLimited liability company

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
Two stepTS
Set-aside
No set-aside used
Contract pricing
Fixed price with economic price adjustmentK
Offers received
5

Contract details

Subcontracting plan
Plan required - incentive not includedC
Major program
Title iv additional services
Cost Accounting Standards clause
Not applicable exempt from CASX
Service Contract Act labor standards
Yes
Commercial procedures
Commercial products/servicesA
Government-furnished property
Transaction does not use GFE/GFPN
Bundled requirement
Not a bundled requirementD
Consolidated requirement
No
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
Jun 17, 2009Base obligation at award: $5,000,000
Latest action
Dec 31, 2024 — Supplemental agreement (within scope)Modification P00167
Latest substantive action
Dec 31, 2024 — Supplemental agreement (within scope)Modification P00167
Latest funding action
May 7, 2014 — Funding onlyModification 79; obligation change -$28,000; funding only: changes obligations, not scope
Actions by type
  • Base award1
  • Supplemental agreement (within scope)87
  • Other administrative action37
  • Funding only26
  • Change order5
  • Change order definitized2
  • Option exercised1
159 actions recorded, Jun 17, 2009 to Dec 31, 2024; 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
A-76 (FAIR Act) action
No

Socio-economic and policy

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
Program acronym
TIVAS
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
910031
Transactions recorded under this award key
157

Funding

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