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Department of Education Awarded a Contract to PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY for $2,493,060,591.78
Signed on
6/17/2009, 12:00 AM
PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY Government Contract #EDFSA09D0014
PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY was awarded a contract with the United States Government for $2,493,060,591.78. 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 Pennsylvania Higher Education Assistance Agency, which provides student loan management services. The contract, funded by the Department of Education, is for servicing Title IV student financial aid and is worth $191,993,054.99. Notable details include the contract being awarded in 2009 for an indefinite delivery/quantity type. The contract involves compliance activities such as security, loan conversion, financial reconciliation, and reporting.