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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.

Contract Details

Contract IDEDFSA09D0014
Contract TypeIDV_B_B
Total Obligation$191,993,054.99
Exercised Options
Base Amount + Options$2,493,060,591.78
Date Signed2009-06-17
Contract DescriptionSERVICING OF TITLE IV STUDENT FINANCIAL AID. TAS CODE: TAS::91 0198::TAS TO PROVIDE TITLE IV STUDENT LOAN MANAGEMENT AND SERVICING TO SECONDARY EDUCATION STUDENTS. SPECIFIC COMPLIANCE ACTIVITIES FOR SERVICING FEDERALLY HELD ASSETS MAY INCLUDE, BUT ARE NOT LIMITED TO: (1) SECURITY (2) LOAN CONVERSION, (3) FINANCIAL RECONCILIATION (4) SERVICING (5) REPORTING (6) RECORD RETENTION AND (7) AUDIT RESPONSE SUPPORT."
Start Date2009-06-17
End Date2021-12-15

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

RecipientPENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY
Recipient Location1200 NORTH SEVENTH STREET HARRISBURG PENNSYLVANIA, UNITED STATES
Business CategoriesCategory Business, Government, U.S. National Government, Not Designated a Small Business, U.S. Regional/State Government

Comments

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