Servicing of Title IV Student Financial AID, From 9/1/2016 Through 8/31/2017. Provides Funding for Title IV AID Servicing, Through Approximately, 08/31/2017. 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: $137,075,648 ($137.1M)
Contractor: Nelnet Servicing LLC
Awarding Agency: Department of Education
Start Date: 2016-09-01
End Date: 2018-03-25
Contract Duration: 570 days
Daily Burn Rate: $240.5K/day
Official Description: IGF::CT::IGF SERVICING OF TITLE IV STUDENT FINANCIAL AID, FROM 9/1/2016 THROUGH 8/31/2017. PROVIDES FUNDING FOR TITLE IV AID SERVICING, THROUGH APPROXIMATELY, 08/31/2017. 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