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Department of Education Awarded a Contract to EDFINANCIAL SERVICES LLC for $1,700,000,000.00

Signed on

6/23/2020, 12:00 AM

EDFINANCIAL SERVICES LLC Government Contract #91003120D0001

EDFINANCIAL SERVICES LLC was awarded a contract with the United States Government for $1,700,000,000.00. 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 EDFINANCIAL SERVICES LLC, located in Knoxville, Tennessee, and they primarily provide financial services. The contract, funded by the Department of Education, is for contact center support and back-office processing, with a total value of $1.7 billion. Notable officers involved in the contract include William A. Hollin and John J. Farinella, each with significant amounts tied to the contract.

Contract Details

Contract ID91003120D0001
Contract TypeIDV_B_B
Total Obligation$0.00
Exercised Options
Base Amount + Options$1,700,000,000.00
Date Signed2020-06-23
Contract DescriptionTHE SERVICES CONTEMPLATED UNDER THIS NEXGEN BPO INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) CONTRACT INCLUDES CONTACT CENTER SUPPORT AND BACK-OFFICE PROCESSING.
Start Date2020-06-23
End Date2026-06-22

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

RecipientEDFINANCIAL SERVICES LLC
Recipient Location298 N SEVEN OAKS DR K KNOXVILLE TENNESSEE, UNITED STATES
Business CategoriesCategory Business, Limited Liability Corporation, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00025 | $0.00December 2, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00024 | $0.00May 15, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00023 | $0.00April 23, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00022 | $0.00September 9, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00021 | $0.00June 6, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00020 | $0.00May 8, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00019 | $0.00March 12, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00018 | $0.00September 22, 2023

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00017 | $0.00June 21, 2023

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016 | $0.00May 31, 2023

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00015 | $0.00April 28, 2023

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00014 | $0.00April 12, 2023

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00013 | $0.00November 4, 2022

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012 | $0.00September 27, 2022

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011 | $0.00May 20, 2022

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $0.00February 24, 2022

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00009 | $0.00November 4, 2021

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008 | $0.00July 23, 2021

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $0.00May 24, 2021

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006 | $0.00April 19, 2021

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005 | $0.00February 19, 2021

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $0.00December 28, 2020

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003 | $0.00December 4, 2020

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $0.00November 25, 2020

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $0.00June 23, 2020

Department of Education, a sub agency of Department of Education, issued a payment of $0.00 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

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