"critical Functions" Nslds Provides an Integrated View of Title IV Loans and Grants During ALL Stages of Their Life Cycle From AID Approval Through Disbursement, Repayment, Default, and Closure. the Three Main Goals of the Nslds ARE TO: 1. Improve the Quality and Accessibility of Student Financial AID Data. 2. Reduce the Administrative Burden of Title IV AID. 3. Minimize Abuse Within AID Programs by Accurately Tracking Funds Awarded to Assist Postsecondary Students
Contract Overview
Contract Amount: $68,346,529 ($68.3M)
Contractor: Briefcase Systems Development Inc
Awarding Agency: Department of Education
Start Date: 2014-09-29
End Date: 2020-03-28
Contract Duration: 2,007 days
Daily Burn Rate: $34.1K/day
Official Description: IGF::CT::IGF"CRITICAL FUNCTIONS" NSLDS PROVIDES AN INTEGRATED VIEW OF TITLE IV LOANS AND GRANTS DURING ALL STAGES OF THEIR LIFE CYCLE FROM AID APPROVAL THROUGH DISBURSEMENT, REPAYMENT, DEFAULT, AND CLOSURE. THE THREE MAIN GOALS OF THE NSLDS ARE TO: 1. IMPROVE THE QUALITY AND ACCESSIBILITY OF STUDENT FINANCIAL AID DATA. 2. REDUCE THE ADMINISTRATIVE BURDEN OF TITLE IV AID. 3. MINIMIZE ABUSE WITHIN AID PROGRAMS BY ACCURATELY TRACKING FUNDS AWARDED TO ASSIST POSTSECONDARY STUDENTS.
Place of Performance
Location: District of Columbia, 20020