Department of Education Awarded a Contract to NELNET SERVICING LLC for $205,093,501.64

Q: Where is NELNET SERVICING LLC located?

121 S 13TH ST LINCOLN NEBRASKA UNITED STATES

Signed on

3/31/2026, 12:00 AM

NELNET SERVICING LLC Government Contract #91003126F0022

NELNET SERVICING LLC was awarded a contract with the United States Government for $205,093,501.64. 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 Nelnet Servicing LLC, a U.S.-owned business based in Lincoln, Nebraska. The contract, awarded by the Department of Education, is for operations and maintenance task order related to student loan servicing. The total contract amount is $205,093,501.64. Notable transactions include multiple financial disbursements to Nelnet Servicing LLC, with transaction amounts ranging from $10,735.29 to $2,635,368.82.

Contract Details

Contract ID91003126F0022

Contract TypeC

Total Obligation$205,093,501.64

Exercised Options$205,093,501.64

Base Amount + Options$205,093,501.64

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

RecipientNELNET SERVICING LLC

Recipient Location121 S 13TH ST LINCOLN NEBRASKA, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00004 | $2,115,739.59May 11, 2026

Department of Education, a sub agency of Department of Education, issued a payment of $2,115,739.59 to NELNET SERVICING LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $2,630,368.82May 1, 2026

Department of Education, a sub agency of Department of Education, issued a payment of $2,630,368.82 to NELNET SERVICING LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $10,735.29April 29, 2026

Department of Education, a sub agency of Department of Education, issued a payment of $10,735.29 to NELNET SERVICING LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $82,354.94April 17, 2026

Department of Education, a sub agency of Department of Education, issued a payment of $82,354.94 to NELNET SERVICING LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $200,254,303.00March 31, 2026

Department of Education, a sub agency of Department of Education, issued a payment of $200,254,303.00 to NELNET SERVICING LLC. The payment included a Subsidy Cost of $0.00.