Navient Corporation Contracts with Department of Education

Relationship Overview

Total Contract Value: $941,562,089

Contract Count: 8

Average Contract Size: $117.7M

Sole Source Rate: 0%

Small Business Rate: 0%

Spending by Sector

Other: $941.6M (8 contracts)

Contracts

IGF::CT::IGF BASE AWARD: SERVICING OF TITLE IV STUDENT FINANCIAL AID. TASK ORDER: PROVIDES FUNDING FOR TITLE IV AID SERVICING, THROUGH APPROXIMATELY 08/31/2017. — $146.7M
IGF::CT::IGF CRITICAL FUNCTION BASE AWARD: SERVICING OF TITLE IV STUDENT FINANCIAL AID, IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 (PUB.L. 111-152, 124 STAT. 1029) FOR THE PERIOD OF 09/01/2017 TO 08/31/2018. TASK ORDER: SERVICING OF TITLE IV STUDENT FINANCIAL AID IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 (PUB.L.111-152, 124 STAT. 1029) FOR THE PERIOD OF 09/01/2017 TO 08/31/2018. MODIFICATION TO PROVIDE FUNDING FOR PERIOD OF PERFORMANCE: 9/01/2017 - 8/31/2018 AND TITLE IV AID SERVICING THROUGH APPROXIMATELY 12/31/2017. — $145.4M
IGF::CT::IGF CRITICAL FUNCTION BASE AWARD: SERVICING OF TITLE IV STUDENT FINANCIAL AID, IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 (PUB.L. 111-152, 124 STAT. 1029) FOR THE PERIOD OF 6/17/2014 TO 6/16/2019. TASK ORDER: SERVICING OF TITLE IV STUDENT FINANCIAL AID IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 (PUB.L.111-152, 124 STAT. 1029) FOR THE PERIOD OF 09/01/2018 TO 08/31/2019. MODIFICATION: THE PURPOSE OF THIS MODIFICATION IS TO CREATE A NEW TASK ORDER FOR CONTRACT ED-FSA-09-D-0015 WITH THE PERIOD OF PERFORMANCE: 9/01/2018 - 8/31/2019, AND PROVIDE FUNDING FOR TITLE IV AID SERVICING THROUGH APPROXIMATELY 12/31/2018. — $143.6M
IGF::CT::IGF / CRITICAL FUNCTION IDIQ: SERVICING OF TITLE IV STUDENT FINANCIAL AID. TASK ORDER: SERVICING OF TITLE IV STUDENT FINANCIAL AID, FROM 9/1/2015 THROUGH 8/31/2016. PROVIDES FUNDING FOR TITLE IV AID SERVICING THROUGH APPROXIMATELY 12/31/2015. PROVIDES FUNDING FOR THE DELINQUENCY REDUCTION COMPENSATION PROGRAM, IN A NOT-TO-EXCEED AMOUNT OF $500,000 PER QUARTER AND $2,000,000 ANNUALLY. — $141.2M
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. — $133.9M
IGF::CT::IGF CRITICAL FUNCTION - TASK ORDER 0001 PROVIDES SERVICING OF TITLE IV STUDENT FINANCIAL AID IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 (PUB.L.111-152, 124 STAT. 1029)FOR THE JANUARY 01, 2013 TO DECEMBER 31, 2013 TIME PERIOD. — $108.0M
IGF::CT::IGF / CRITICAL FUNCTION TASK ORDER 0004 - SERVICING TITLE IV AID — $81.7M
THE PURPOSE OF THIS TASK ORDER IS TO LOAN CONSOLIDATION SERVICES AND ADD FUNDING FOR TITLE IV AID SERVICING THROUGH APPROXIMATELY 09/30/2019. — $41.0M

Frequently Asked Questions

How many contracts does Navient Corporation have with Department of Education?

Navient Corporation has 8 contracts with Department of Education worth a combined $941.6M.

What is the average contract size between Navient Corporation and Department of Education?

The average contract size is $117.7M.

What percentage of Navient Corporation's contracts with Department of Education are sole-source?

0% of the contracts are sole-source awards.