EDFSA09D0015 - SERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS ... | Federal Compass

EDFSA09D0015 - SERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS ...

Federal Contract Award Search » IDC Award

This IDC contract for Financial services was awarded in FY2009 on June 17, 2009 to SLM CORPORATION by . There have been $2B in obligations to date with a ceiling value of $2B, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received. We expect a 14 year duration with ultimate completion date of December 14, 2023.

SLM CORPORATION is a contractor located in VA, doing primarily Business Admin Services work for Education. Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Contract Number
EDFSA09D0015
Contractor
SLM CORPORATION
Obligations to Date
$2B
Ceiling Value
$2B
Award Date
06/17/2009
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office


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Task Order History

Task Order No. Contractor Obligations Effective Date
0001 SLM CORPORATION $108M 12/20/2012
0002 SLM CORPORATION $1.2M 08/20/2013
0003 SLM CORPORATION $3.8M 12/19/2013
0004 SLM CORPORATION $81.7M 12/31/2013
0005 SLM CORPORATION $54k 03/13/2014
0006 NAVIENT, LLC $133.9M 08/29/2014
0007 NAVIENT, LLC $4.3M 12/30/2014
0008 NAVIENT, LLC $141.2M 09/01/2015
0009 NAVIENT, LLC $388.6k 09/23/2015
EDENFS16F0007 NAVIENT, LLC $5M 12/31/2015
EDENFS16F0017 NAVIENT CORPORATION $146.7M 09/01/2016
0010 NAVIENT CORPORATION $7.8M 12/29/2016
0011 NAVIENT CORPORATION $145.4M 08/31/2017
91003118F0012 NAVIENT CORPORATION $5M 03/27/2018
91003118F0348 NAVIENT CORPORATION $143.6M 08/29/2018
91003119F0318 NAVIENT CORPORATION $3.2M 03/29/2019
91003119F0339 NAVIENT CORPORATION $41M 08/30/2019
91003120F0314 NAVIENT CORPORATION $778.4M 11/26/2019
91003120F0320 NAVIENT CORPORATION $40.2M 12/16/2019

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