Outlay

Award

91003124F0319

View source record on USAspending.gov ↗

OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONTRACT FOR THE TASK ORDER.

Recipient
EDFINANCIAL SERVICES LLC
Awarding agency
Department of Education
Sub-agency
Department of Education
Fiscal year
FY2024
Obligated (promised)
$212,869,664
Total obligation (detail)
$212,869,664
Potential value (ceiling)
$212,869,664
Outlaid (paid out, linked File C)
no linked financial data
Signed
Jun 28, 2024
Period of performance
Jul 1, 2024 – Mar 20, 2027
Competition
FULL AND OPEN COMPETITION
Offers received
5
Solicitation
SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Pricing
FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT
NAICS
522390 — OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION
Award type
DELIVERY ORDER

Structural flags (1)

  • Obligations ≥ 3× initial obligation

    These contracts grew to at least three times the money they started with, through later changes. Some contracts are planned to grow; others grow past what was originally agreed.

    growth_ratio=3.9 · total_obligation=212,869,664 · initial_obligation=54,552,973 · modification_count=40

    Rule modification_growth, methodology v1.2.0 — definition and caveats

Transactions (41)

0Jun 28, 2024—$54,552,973OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONTRACT FOR THE TASK ORDER.
P00001Jul 15, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$147,554THE PURPOSE OF MODIFICATION P00001 IS ADDING FUNDING AND REQUIREMENTS AS FOLLOWS CR 6676 USDS CONSOLIDATION ORIGINATOR UPDATES AND CR 7026 USDS REAMORITIZATION SCHEDULE
P00002Jul 22, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$121,127THE PURPOSE OF THIS MODIFICATION IS ADDING FUNDING AND REQUIREMENTS FOR CR 6972 -USDS-3RD CATCH-UP CR FOR USDS SERVICERS TO PROVIDE UPDATE TO BUSINESS REQUIREMENTS AND TO CORRECT TYPOS, ADD MISSING PUNCTUATION, AND PROVIDE CONSISTENT DOCUMENT FORMAT
P00003Aug 19, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$0THE PURPOSE OF THIS MODIFICATION IS FUNDING AND REQUIREMENTS FOR CR 7125-USDS SERVICER INFORMATION PORTAL INTEGRATION WITH AIMS MFA-NELNET, FIRM-FIXED PRICE OF $0.00. NELNET ADDED URLS TO BE INTEGRATED WITH THE AIMS SYSTEM. A CONTINUATION OF CR 6889.
P00004Aug 20, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$3,230THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDING AND REQUIREMENTS WITH IMPLEMENTING CHANGE REQUEST 7067 - JOINT CONSOLIDATION LOAN SEPARATION - PHASE 1 FOR THE FIXED PRICE OF $3,229.50.
P00005Sep 3, 2024OTHER ADMINISTRATIVE ACTION$150,341THE PURPOSE OF MODIFICATION P00005 IS ADDING FUNDING ASSOCIATED WITH THE LATEST EMPLOYMENT COST INDEX (ECI) RELEASE, IN ACCORDANCE WITH THE ECONOMIC PRICE ADJUSTMENT TERMS AS WRITTEN IN THE CONTRACT.
P00006Sep 13, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$184,441THE PURPOSE OF THIS MODIFICATION IS TO INCORPORATE CR 7054 - NSLDS IDR PROXY INELIGIBLE MONTHS AND PROVIDE ADDITIONAL FUNDING IN THE AMOUNT OF $184,441.30.
P00007Sep 20, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$4,133,856THE PURPOSE OF THIS MODIFICATION IS TO INCORPORATE CR 6822 - FINE GRAIN FORBEARANCE REPORTING TO NSLDS - REVISED AND PROVIDE ADDITIONAL FUNDING CLINS 1-4.
P00008Sep 25, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$1,408,248THE PURPOSE OF THIS MODIFICATION IS TO FORMALIZE REQUIREMENTS AND FUNDING FOR CHANGE ORDERS ISSUED IN JUL AND AUG 2024, ADD FUNDS FOR CR 7170-IDR-MOVING OF NOV 2024 IDR ANNIVERSARY DATES, ADD AT RISK INCENTIVE FUNDING AND DETAILS AND EXCHANGE PR LOA.
P00009Oct 31, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$28,134,607THE PURPOSE OF THIS MOD IS TO INCREASE THE QUANTITY, VALUES AND TO EXERCISE THE OPTION PERIOD CLINS WITH A POP OF 11/1/2024-12/31/2024.THE TOTAL OBLIGATED AMOUNT IS INCREASED FROM $60,701,768.07, BY $28,134,607.24, TO $88,836,375.31.
P00010Nov 1, 2024CHANGE ORDER$878,226THE PURPOSE OF MODIFICATION P00010 IS TO FORMALIZE REQUIREMENTS AND FUNDING FOR CHANGE ORDERS ISSUED IN OCTOBER 2024AND ISSUE A CHANGE ORDER TO ADD CR 7031-SPS PHASE 2 INTEGRATION WITH USDS SERVICERS. FUNDING IS ADDED AS A NOT TO EXCEED VALUE.
P00011Dec 5, 2024FUNDING ONLY ACTION-$1,000,000DEOBLIGATION IN THE AMOUNT OF $1,000,000.00. CLIN 0003AC IS DECREASED FROM $1,000,000.00, BY $1,000,000.00, TO $0.00.
P00012Dec 23, 2024SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE-$450,319THE PURPOSE OF MODIFICATION P00012 IS TO DEFINITIZE REQUIREMENTS AND FIRM FIXED PRICE FUNDING FOR CHANGE ORDERS 5, 6, 7, 8, 10 AND 11 ISSUED AS NOT TO EXCEED, AND ADD FUNDING AND REQUIREMENTS ASSOCIATED WITH IMPLEMENTING CR 7036. THE SPECIFIC REVISED
P00013Dec 30, 2024EXERCISE AN OPTION$13,638,000THE PURPOSE OF MODIFICATION P00013 IS TO INCREASE THE QUANTITY AND VALUES OF THE OPTIONS AND TO EXERCISE THE OPTION PERIOD CLINS IN THE TOTAL AMOUNT OF $13,638,000.00 WITH A PERIOD OF PERFORMANCE OF 1/1/2025-1/31/2025. ADDITIONAL FUNDING LINE CLINS A
P00014Jan 31, 2025EXERCISE AN OPTION$29,429,726THE PURPOSE OF MODIFICATION P00014 IS TO FUND THE OPTIONAL CLINS IN THE AMOUNT OF $29,429,725.54. ADD FAR CLAUSE 52.240-1 PROHIBITION ON UNMANNED AIRCRAFT SYSTEMS MANUFACTURED OR ASSEMBLED BY AMERICAN SECURITY DRONE ACT-COVERED FOREIGN ENTITIES.
P00015Feb 13, 2025CHANGE ORDER$15,127THE PURPOSE OF MODIFICATION P00015 IS TO ISSUE A CHANGE ORDER TO ADD FUNDING AND REQUIREMENTS FOR CR 7331.
P00016Mar 14, 2025OTHER ADMINISTRATIVE ACTION$0OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS SERVICER MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CON
P00017Apr 1, 2025FUNDING ONLY ACTION$14,467,949THE PURPOSE OF THE MODIFICATION P00017 IS TO EXTEND THE CURRENT TASK ORDER BY ADDING OPTION PERIOD CLINS, INCREASE THE QUANTITY AND VALUES OF THE OPTION, AND TO EXERCISE THE OPTION PERIOD CLINS IN THE TOTAL AMOUNT OF $14,467,949 WITH A PERIOD OF PERF
P00018Apr 11, 2025OTHER ADMINISTRATIVE ACTION$0DOCUMENT THE ISSUANCE ON JANUARY 17, 2025, AND LIFT ON APRIL 10, 2025, OF A STOP WORK ORDER IN ACCORDANCE WITH CONTRACT FAR CLAUSE 52.242-15 STOP WORK ORDER (AUG 1989).
P00019Apr 15, 2025DEFINITIZE CHANGE ORDER$15,681THE PURPOSE OF MODIFICATION P00019 IS TO DEFINITIZE REQUIREMENTS AND FIRM FIXED PRICE FUNDING FOR CHANGE ORDER 21 ISSUED AS NOT TO EXCEED. ADDING CLINS AND FIRM FIXED PRICE FUNDING TO THE CONTRACT FOR CHANGE ORDERS 16, 18, 19, AND 20.
P00020Apr 30, 2025EXERCISE AN OPTION$14,443,413EXTEND THE CURRENT TASK ORDER BY ADDING OPTION PERIOD CLINS, INCREASE THE QUANTITY AND VALUES OF THE OPTION, AND TO EXERCISE THE OPTION PERIOD CLINS IN THE TOTAL AMOUNT OF $14,443,413.00 WITH A PERIOD OF PERFORMANCE OF 05/01/2025-05/31/2025.
P00021May 15, 2025DEFINITIZE CHANGE ORDER-$398,311THE PURPOSE OF THIS MODIFICATION IS TO DEFINITIZE REQUIREMENTS AND FIRM FIXED PRICE FUNDING FOR CHANGE ORDERS 9, 12, 13, AND 14 ISSUED AS NOT TO EXCEED. ADDING CLINS AND FIRM FIXED PRICE FUNDING TO THE CONTRACT FOR CHANGE ORDER 23.
P00022May 30, 2025EXERCISE AN OPTION$28,690,325EXTEND THE CURRENT TASK ORDER BY ADDING OPTION PERIOD CLINS, INCREASE THE QUANTITY AND VALUES OF THE OPTION, AND TO EXERCISE THE OPTION PERIOD CLINS IN THE TOTAL AMOUNT OF $28,690,325.00 WITH A PERIOD OF PERFORMANCE OF 06/01/2025-07/31/2025.
P00023Jun 6, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$1,321,865DEFINITIZE CHANGE ORDER 22, ADD FUNDING AND DETAILS FOR PERFORMANCE INCENTIVE FOR AT-RISK BORROWERS, AND DOCUMENT THE ISSUANCE AND EXTENSIONS OF THE STOP WORK ORDERS IN ACCORDANCE WITH CONTRACT FAR CLAUSE 52.242-15 STOP WORK ORDER (AUG 1989).
P00024Jun 18, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$0THE PURPOSE OF THIS MODIFICATION IS TO EXTEND THE SINGLE SIGN ON STOP WORK ORDER 45 DAYS FROM THE EXECUTED DATE OF THE MODIFICATION.
P00025Jul 10, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$135,502THE PURPOSE OF THIS MODIFICATION IS TO ADD FUNDING AND REQUIREMENTS ASSOCIATED WITH IMPLEMENTING CHANGE REQUEST 7357 AND CHANGE REQUEST 7385, AND TO ADD ADDITIONAL FUNDING TO CLIN 0001 AND CLIN 0003AB.
P00026Jul 17, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$107,093THE PURPOSE OF THIS MODIFICATION IS TO ADD A CLIN, AND FIRM FIXED PRICE FUNDING TO THE CONTRACT FOR CHANGE ORDER 15. ADD FUNDING AND REQUIREMENTS ASSOCIATED WITH THE IMPLEMENTATION OF CR 7398.
P00027Jul 30, 2025EXERCISE AN OPTION$23,375,000THE PURPOSE OF THIS MODIFICATION IS TO EXTEND THE CURRENT TASK ORDER BY ADDING FUNDING AND INCREASING THE QUANTITY AND VALUES IN THE TOTAL AMOUNT OF $23,375,000.00 WITH A PERIOD OF PERFORMANCE OF 08/01/2025-09/30/2025.
P00028Aug 27, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$229,629ADD FUNDING AND REQUIREMENTS ASSOCIATED WITH IMPLEMENTING CR 7420 OBBBA - SERVICER IBR CHANGES, ADD FUNDING ASSOCIATED WITH THE LATEST EMPLOYMENT COST INDEX (ECI) RELEASE, AND ISSUE STOP WORK ORDERS FOR CR 7192 AND CR 6904.
P00029Sep 9, 2025FUNDING ONLY ACTION-$750,171THE PURPOSE OF THIS MODIFICATION IS TO DEOBLIGATE EXCESS FUNDING FOR CLINS 0003AF, 0006AC, 0018, 1011AA, 1011AB, 1011AC, 2006AA, AND 2006AB.
P00030Sep 17, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$51,655EXTEND SWO FOR CR 7036 FOR 90 DAYS, REVISE IMPLEMENTATION DATES FOR CR 7150, ADD REQUIREMENTS ASSOCIATED WITH IMPLEMENTING CR 7312, AND ADD FUNDING AND REQUIREMENTS ASSOCIATED WITH CHANGE ORDER #17 AND CR'S 7428 AND 7429.
P00031Sep 29, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$365THE PURPOSE OF THIS MODIFICATION IS TO REVISE THE PHASE III IMPLEMENTATION DATES, PHASE IV RELEASE DATE AND TO ADD ADDITIONAL FUNDING FOR CR 6676.
P00032Oct 21, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$0THE PURPOSE OF THIS MODIFICATION IS THE EXTENSION OF THE STOP WORK ORDERS FOR CR 7036 SINGLE SIGN ON, CR 7054, AND CERTAIN IDR REQUIREMENTS AND CORRECT THE PERIOD OF PERFORMANCE TO MATCH THE LAST CHANGE REQUEST COMPLETION DATE.
P00034Nov 20, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$0THIS MODIFICATION IS ISSUED TO DOCUMENT AND PROVIDE EXTENSIONS TO STOP WORK ORDERS IN ACCORDANCE WITH CONTRACT FAR CLAUSE 52.242-15 STOP WORK ORDER (AUG 1989).
P00033Nov 21, 2025SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE-$2,099,558THE PURPOSE OF THIS MODIFICATION IS TO REVISE IMPLEMENTATION DATES FOR CRS 7420 OB3 SERVICER IBR CHANGES, CR 6822 FINE GRAIN FORBEARANCE REPORTING'S PHASE 4. AND DEOBLIGATION OF FUNDS FROM CLIN 3006AA.
P00035Dec 19, 2025FUNDING ONLY ACTION$1,873,783ADD ADDITIONAL FUNDING TO CLINS 5001, 5002, 5003AA, 5004, AND 5006AB FOR SEPTEMBER 2025 INVOICE SHORTAGE.
P00036Feb 26, 2026DEFINITIZE CHANGE ORDER$4,976THE PURPOSE OF THIS MODIFICATION IS TO DEFINITIZE REQUIREMENTS, FIRM FIXED PRICE FUNDING, AND ADDITIONAL FUNDING FOR CR 7213.
P00037Mar 19, 2026SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$0THE PURPOSE OF THIS MODIFICATION IS TO REVISE THE IMPLEMENTATION DATES FOR CHANGE REQUEST 6676 AND CHANGE REQUEST 6972.
P00038Apr 28, 2026SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$53,443THE PURPOSE OF THIS MODIFICATION IS TO ADD ADDITIONAL FUNDING TO CHANGE ORDER #2: SAVE JULY ADMINISTRATIVE STAY REQUIREMENTS.
P00039Jun 11, 2026SUPPLEMENTAL AGREEMENT FOR WORK WITHIN SCOPE$2,951UNIFIED SERVICING AND DATA SOLUTION. THE PURPOSE OF THIS MODIFICATION IS TO REVISE THE IMPLEMENTATION DATES, ARTIFACTS, COMPLIANCE STATEMENT DUE DATE, AND ADD ADDITIONAL FUNDING FOR CHANGE REQUEST 7054.
P00040Jun 16, 2026TERMINATE FOR CONVENIENCE (COMPLETE OR PARTIAL)-$3,060THE PURPOSE OF THIS MODIFICATION IS TO DE-OBLIGATE FUNDING AS A RESULT OF TERMINATION FOR CONVENIENCE OF CHANGE ORDER #11 CR 7192 REQUIREMENTS.

Record history in our archive

Outlay keeps a content-hashed copy of this record from every pull. No post-publication revisions observed so far.

  • detailfirst capture