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Department of Education Awarded a Contract to MISSOURI HIGHER EDUCATION LOAN AUTHORITY for $295,635,792.21

Signed on

3/31/2026, 12:00 AM

MISSOURI HIGHER EDUCATION LOAN AUTHORITY Government Contract #91003126F0021

MISSOURI HIGHER EDUCATION LOAN AUTHORITY was awarded a contract with the United States Government for $295,635,792.21. 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, located in Chesterfield, Missouri. They work in the finance sector. The contract, funded by the Department of Education, is for operations and maintenance related to student loan servicing, valued at $128,151,080.21. Notable details include the contract falling under the support management: financial category and being awarded through a fair competition process with multiple offers received.

Contract Details

Contract ID91003126F0021
Contract TypeC
Total Obligation$128,151,080.21
Exercised Options$128,151,080.21
Base Amount + Options$295,635,792.21
Date Signed2026-03-31
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 BY THE USDS SERVICER MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONTRACT F
Start Date2026-04-01
End Date2026-12-31

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, Special Designations, U.S.-Owned Business

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