THE Purpose of Dmcs IS to Manage the Default Loan Portfolio, and Store, Manage, Protect, and Provide Student Loan Debtors in Default Available Information Under the HEA. Dmcs Enables Borrowers, WHO SO Chose, to Make Payments on Their Accounts and SEN
Contract Overview
Contract Amount: $235,117,445 ($235.1M)
Contractor: Maximus Federal Services, Inc.
Awarding Agency: Department of Education
Start Date: 2025-02-01
End Date: 2026-04-30
Official Description: THE PURPOSE OF DMCS IS TO MANAGE THE DEFAULT LOAN PORTFOLIO, AND STORE, MANAGE, PROTECT, AND PROVIDE STUDENT LOAN DEBTORS IN DEFAULT AVAILABLE INFORMATION UNDER THE HEA. DMCS ENABLES BORROWERS, WHO SO CHOSE, TO MAKE PAYMENTS ON THEIR ACCOUNTS AND SEN