Pennslyvania Higher Education Assistance Agency — Federal Contractor Profile
PHEAA Manages $197.97 Billion in Federal Student Aid Contracts
Contractor Overview
Total Contract Value: $197,974,917,769 ($198.0B)
Total Awards: 478
Company Profile
PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) is a federal contractor with a significant role in government spending, having secured contracts worth $197.97 billion. PHEAA specializes in providing financial assistance and support to students and families, including student loans, grants, and other educational funding programs. Their core capabilities include managing large-scale financial aid systems, processing loan applications, and ensuring compliance with federal regulations. PHEAA's relationship with government agencies is primarily through the Department of Education, where they manage the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program). The scale and nature of their government business are substantial, with a high number of contracts and a significant average contract size. PHEAA has not engaged in any sole-source contracts, indicating a preference for competitive bidding. Their track record includes managing large-scale financial aid programs, and their performance history is generally positive. The contract patterns reveal a strong dependency on the Department of Education, which could pose risks. Compared to industry peers, PHEAA is a dominant player in federal student loan management. The outlook for PHEAA is stable, given the ongoing need for federal student aid programs.
Specializations
- Student loans
- Financial aid management
- Grant administration
- Compliance with federal regulations
- Loan processing
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: high
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: N/A
Competitive Position
PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY (PHEAA) is a dominant player in the federal student loan management sector. They have a strong track record of managing large-scale financial aid programs and have not engaged in any sole-source contracts, indicating a preference for competitive bidding. PHEAA's competitive advantages include their extensive experience, robust systems, and compliance with federal regulations.
Value to Taxpayers
PHEAA provides good value for taxpayer money by managing large-scale federal student aid programs efficiently. Their extensive experience and robust systems ensure that financial aid is processed accurately and on time. However, the high concentration of contracts with the Department of Education could pose risks if there are performance issues or cost escalations. The average contract size of $414,173,468 is substantial, which could be a concern if not managed effectively.
Agency Relationships
PHEAA has a strong relationship with the Department of Education, managing the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program). This dependency could pose risks if there are performance issues or if the Department of Education decides to reduce or terminate their contracts. The concentration of contracts with a single agency could also be a concern for diversification.
Red Flags
- High concentration of contracts with the Department of Education, which could pose risks if there are performance issues or if the Department decides to reduce or terminate their contracts.
- No sole-source contracts, which could indicate a lack of flexibility in contract acquisition.
- Substantial average contract size of $414,173,468, which could be a concern if not managed effectively.
Green Flags
- Extensive experience in managing large-scale financial aid programs.
- Robust systems and compliance with federal regulations.
- No sole-source contracts, indicating a preference for competitive bidding.
Key Contracts
PHEAA's most significant contract is the management of the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program), worth $197.97 billion. These contracts reveal PHEAA's capabilities in managing large-scale financial aid systems, processing loan applications, and ensuring compliance with federal regulations. The performance of these contracts is critical to the success of federal student aid programs. PHEAA's track record in managing these programs is generally positive, and their systems have been effective in processing millions of loan applications annually. This contract also reveals PHEAA's strategic direction, focusing on maintaining and improving their systems to ensure the efficient and accurate processing of federal student aid.
Frequently Asked Questions
What does PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY do for the federal government?
PHEAA manages large-scale federal student aid programs, including the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program). They provide financial assistance and support to students and families, ensuring compliance with federal regulations and processing loan applications efficiently.
How much taxpayer money does PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY receive?
PHEAA has secured contracts worth $197.97 billion, primarily through the management of federal student aid programs. This includes the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program).
Is PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY good value for taxpayer money?
PHEAA provides good value for taxpayer money by managing large-scale federal student aid programs efficiently. Their extensive experience and robust systems ensure that financial aid is processed accurately and on time. However, the high concentration of contracts with the Department of Education could pose risks if there are performance issues or cost escalations.
How does PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY win its contracts?
PHEAA has not engaged in any sole-source contracts, indicating a preference for competitive bidding. Their track record in managing large-scale financial aid programs and their robust systems and compliance with federal regulations have likely contributed to their success in winning contracts.
What agencies use PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY most?
PHEAA has a strong relationship with the Department of Education, managing the Federal Family Education Loan Program (FFELP) and the William D. Ford Federal Direct Loan Program (Direct Loan Program). This dependency could pose risks if there are performance issues or if the Department of Education decides to reduce or terminate their contracts.
What are the risks of relying on PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY?
The high concentration of contracts with the Department of Education could pose risks if there are performance issues or if the Department decides to reduce or terminate their contracts. The substantial average contract size of $414,173,468 could also be a concern if not managed effectively.
How does PENNSLYVANIA HIGHER EDUCATION ASSISTANCE AGENCY compare to similar contractors?
PHEAA is a dominant player in the federal student loan management sector. They have a strong track record of managing large-scale financial aid programs and have not engaged in any sole-source contracts, indicating a preference for competitive bidding. PHEAA's competitive advantages include their extensive experience, robust systems, and compliance with federal regulations.
Recent Federal Contracts
Pennslyvania Higher Education Assistance Agency has 9 federal contracts on record. Below are the largest awards: