GovChime
IDVOther than small business

IDC (multiple-award IDV) EDFSA12D0005EDFINANCIAL SERVICES LLC

Overview

Award facts

Obligated on orders under this IDV
$533.55M
$533,553,813 across 11 orders
Period of performance
From Jan 23, 2012
Modifications
83
Latest action Dec 17, 2024
Contract type
IDC (multiple-award IDV)
PIID EDFSA12D0005

Description of requirement

SERVICING OF TITLE IV STUDENT FINANCIAL AID, IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILITATION ACT OF 2010 (PUB.L. 111-152, 124 STAT. 1029)

Dates and value

Award date
Signed on Jan 23, 2012
Ordering period ends
Dec 31, 2024
Ceiling
Shared program ceiling (all awardees of this multiple-award vehicle, not a per-awardee value): $2,785,300,000

Source: Federal Procurement Data System contract actions as published by SAM.gov and USAspending.gov; latest action recorded Dec 17, 2024. View on USAspending · Recipient on SAM.gov

Recipient

NameEDFINANCIAL SERVICES LLC
LocationKNOXVILLE, TN
UEITB69PMAFZSK8
CAGE code59S93
Business sizeOther than small businessSize at award, per the contracting officer
Organization typePartnership
Parent companyEDFINANCIAL SERVICES LLC

Business types and certifications

For-profit organizationLimited liability companyPartnership or LLP

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
13

Contract details

Subcontracting plan
Commercial subcontract planG
Major program
Nfp-not for profit
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/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
Yes
Performance-based service acquisition
Yes - service where PBA is used.Y

Transaction history

Modification history

Base award
Jan 23, 2012
Latest action
Dec 17, 2024 — Supplemental agreement (within scope)Modification P00089
Latest substantive action
Dec 17, 2024 — Supplemental agreement (within scope)Modification P00089
Actions by type
  • Base award1
  • Supplemental agreement (within scope)50
  • Other administrative action23
  • Change order3
  • Novation (contract transferred)2
  • Change order definitized2
  • New work added (outside scope)1
  • Option exercised1
  • Vendor address change1
84 actions recorded, Jan 23, 2012 to Dec 17, 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
Awarding agency code
9100
Awarding sub-tier code
9100
Contracting office code
910031
Transactions recorded under this award key
83

Funding

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