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Department of Education Awarded a Contract to EDFINANCIAL SERVICES LLC for $41,329,615.71

Signed on

3/27/2024, 12:00 AM

EDFINANCIAL SERVICES LLC Government Contract #91003124F0310

EDFINANCIAL SERVICES LLC was awarded a contract with the United States Government for $41,329,615.71. 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

EDFINANCIAL SERVICES LLC is the recipient of a government contract from the Department of Education. The contract, valued at $41,329,615.71, is for operations and maintenance related to student loan servicing. Notable transactions include a payment of $1,345,917.23 and a refund of $998,252.43.

Contract Details

Contract ID91003124F0310
Contract TypeC
Total Obligation$41,329,615.71
Exercised Options$41,329,615.71
Base Amount + Options$41,329,615.71
Date Signed2024-03-27
Contract DescriptionOPERATIONS 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.
Start Date2024-04-01
End Date2024-06-30

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 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 #P00012$0.00May 28, 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 #P00011$-22,497.88April 24, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $-22,497.88 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$16,745.40September 18, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $16,745.40 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-998,252.43September 3, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $-998,252.43 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$1,345,917.23July 15, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $1,345,917.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$29,402.77July 12, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $29,402.77 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$145,013.07June 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $145,013.07 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00June 17, 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 #P00004$21,338.49May 29, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $21,338.49 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$10,468.96May 22, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $10,468.96 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$0.00May 10, 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 #P00001$215,538.23May 1, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $215,538.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0$40,565,941.87March 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $40,565,941.87 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$457,693.03June 26, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $457,693.03 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00May 28, 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 #P00011$-22,497.88April 24, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $-22,497.88 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$16,745.40September 18, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $16,745.40 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-998,252.43September 3, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $-998,252.43 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$1,345,917.23July 15, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $1,345,917.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$29,402.77July 12, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $29,402.77 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$145,013.07June 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $145,013.07 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00June 17, 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 #P00004$21,338.49May 29, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $21,338.49 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$10,468.96May 22, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $10,468.96 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$0.00May 10, 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 #P00001$215,538.23May 1, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $215,538.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0$40,565,941.87March 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $40,565,941.87 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00016$0.00November 20, 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 #P00015$0.00September 10, 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 #P00014$-27,843.79August 27, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $-27,843.79 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$457,693.03June 26, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $457,693.03 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00May 28, 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 #P00011$-22,497.88April 24, 2025

Department of Education, a sub agency of Department of Education, issued a payment of $-22,497.88 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$16,745.40September 18, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $16,745.40 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-998,252.43September 3, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $-998,252.43 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$1,345,917.23July 15, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $1,345,917.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$29,402.77July 12, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $29,402.77 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$145,013.07June 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $145,013.07 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00June 17, 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 #P00004$21,338.49May 29, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $21,338.49 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$10,468.96May 22, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $10,468.96 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$0.00May 10, 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 #P00001$215,538.23May 1, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $215,538.23 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0$40,565,941.87March 27, 2024

Department of Education, a sub agency of Department of Education, issued a payment of $40,565,941.87 to EDFINANCIAL SERVICES LLC. The payment included a Subsidy Cost of $0.00.