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Department of Education Awarded a Contract to MISSOURI HIGHER EDUCATION LOAN AUTHORITY for $4,608,644.96

Signed on

9/3/2019, 12:00 AM

MISSOURI HIGHER EDUCATION LOAN AUTHORITY Government Contract #91003119F0341

MISSOURI HIGHER EDUCATION LOAN AUTHORITY was awarded a contract with the United States Government for $4,608,644.96. The contract was awarded by the agency office FSA ACQUISITIONS OFFICE, which is a division with the Department of Education within the Department of Education.

Summary of Award

The recipient of the federal contract is the Missouri Higher Education Loan Authority. The contract, funded by the Department of Education, is for Title IV aid servicing with a total value of $4,608,644.96. Notable transactions include one for -$1,421,541.26, another for $30,186.22, and a significant initial transaction for $6,000,000.

Contract Details

Contract ID91003119F0341
Contract TypeC
Total Obligation$4,608,644.96
Exercised Options$4,608,644.96
Base Amount + Options$4,608,644.96
Date Signed2019-09-03
Contract DescriptionTHE PURPOSE OF THIS MODIFICATION IS TO CREATE A NEW TASK ORDER FOR CONTRACT ED-FSA-11-D-0012 WITH THE PERIOD OF PERFORMANCE: 9/03/2019 - 12/15/2019, AND PROVIDE FUNDING FOR TITLE IV AID SERVICING THROUGH APPROXIMATELY 09/30/19.
Start Date2019-09-03
End Date2019-12-15

Agency Details

Awarding AgencyDepartment of Education
Awarding Sub AgencyDepartment of Education
Awarding OfficeFSA ACQUISITIONS OFFICE
Funding AgencyDepartment of Education
Funding Sub AgencyDepartment of Education
Funding OfficeFEDERAL STUDENT AID

Recipient Details

RecipientMISSOURI HIGHER EDUCATION LOAN AUTHORITY
Recipient Location633 SPIRIT DR CHESTERFIELD MISSOURI, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Tax Exempt, Nonprofit Organization, Not Designated a Small Business

Comments

Award Transactions

Transaction #P00003 | $-1,421,541.26September 23, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $-1,421,541.26 to MISSOURI HIGHER EDUCATION LOAN AUTHORITY. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $30,186.22September 6, 2019

Department of Education, a sub agency of Department of Education, issued a payment of $30,186.22 to MISSOURI HIGHER EDUCATION LOAN AUTHORITY. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $6,000,000.00September 3, 2019

Department of Education, a sub agency of Department of Education, issued a payment of $6,000,000.00 to MISSOURI HIGHER EDUCATION LOAN AUTHORITY. The payment included a Subsidy Cost of $0.00.

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