/ Critical Function Idiq: Servicing of Title IV Student Financial AID. Task Order: Servicing of Title IV Student Financial AID, From 9/1/2014 Through 8/31/2015. Provides Funding for Title IV AID Servicing and Development and Maintenance, Through Approximately 12/31/2014. Provides Funding for the Delinquency Reduction Compensation Program, in a Not-To-Exceed Amount of $500,000 PER Quarter and $2,000,000 Annually
Contract Overview
Contract Amount: $118,818,539 ($118.8M)
Contractor: Nelnet Servicing LLC
Awarding Agency: Department of Education
Start Date: 2014-09-01
End Date: 2015-08-31
Contract Duration: 364 days
Daily Burn Rate: $326.4K/day
Official Description: IGF::CT::IGF / CRITICAL FUNCTION IDIQ: SERVICING OF TITLE IV STUDENT FINANCIAL AID. TASK ORDER: SERVICING OF TITLE IV STUDENT FINANCIAL AID, FROM 9/1/2014 THROUGH 8/31/2015. PROVIDES FUNDING FOR TITLE IV AID SERVICING AND DEVELOPMENT AND MAINTENANCE, THROUGH APPROXIMATELY 12/31/2014. PROVIDES FUNDING FOR THE DELINQUENCY REDUCTION COMPENSATION PROGRAM, IN A NOT-TO-EXCEED AMOUNT OF $500,000 PER QUARTER AND $2,000,000 ANNUALLY.
Place of Performance
Location: Nebraska, 68508
State: Nebraska Government Spending