Servicing of Title IV Student Financial AID, From 9/1/2016 Through 8/31/2017. Provides Funding for Title IV AID Servicing, Through Approximately 12/31/2016. 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: $183,474,509 ($183.5M)
Contractor: Pennslyvania Higher Education Assistance Agency
Awarding Agency: Department of Education
Start Date: 2016-09-01
End Date: 2017-12-31
Contract Duration: 486 days
Daily Burn Rate: $377.5K/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 12/31/2016. 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: Pennsylvania, 17102