FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

EDFINANCIAL SERVICES LLC - OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONTRACT FOR THE TASK ORDER.

PIID: 91003124F0310
Signed Date: Nov 20, 2025Effective Date: Apr 1, 2024End Date: Closed on Nov 20, 2025
Award $
$41.8M
Vendor
EDFINANCIAL SERVICES LLC
NAICS
522390
Signed Date
Nov 20, 2025

Key Details

Dollars Obligated
$41.8M
Base & All Options
Awarding Sub-Agency
Department of Education
Product Service Code
R710 - SUPPORT- MANAGEMENT: FINANCIAL
Extent Competed
FULL AND OPEN COMPETITION
Number of Offers
5
Place of Performance
KNOXVILLE, TN, 379222369, CD-TN-02

Description

OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN ACCORDANCE WITH THE REQUIREMENTS OF THE CONTRACT FOR THE TASK ORDER.

Context & Analysis

On Nov 20, 2025, Department of Education obligated $41,759,464.95 to EDFINANCIAL SERVICES LLC for operations and maintenance (o&m) task order for student loan servicing in accordance with the requirements of the usds contract. all work and deliverables provided must be in accordance with the requi…. The award is classified under NAICS 522390 — OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION and issued as a fixed price with economic price adjustment contract. Competition extent: full and open competition with 5 offers received. Performance is located in KNOXVILLE, TN. This award is one of several similar procurements from Department of Education under NAICS 522390 — related awards are listed below.

Market context

Recompete outlook
Ended Nov 20, 2025 (11 months ago). Recompete signal as of Oct 18, 2026: 49/100, combining time to the end date, the incumbent's history with this agency, whether the award was competed, and its size.
Competition
Competed, with 5 offers. 97% of 36 awards in this market (Department of Education awards in NAICS 522390 over the last 3 years) were competed; median 5 offers.
Award size
At $41.8M, this award is below the median of the 30 priced Department of Education awards in NAICS 522390 over the last 3 years (median $59.7M).
Incumbent at this agency
EDFINANCIAL SERVICES LLC has 6 other awards from Department of Education, totalling $781.4M, 2025–2026.
Largest vendors in this market

By obligations, Department of Education awards in NAICS 522390 over the last 3 years.

Computed from USAspending award data on Oct 18, 2026.

Contractor Information

UEI: TB69PMAFZSK8
CAGE Code: 59S93
Location: KNOXVILLE, TN

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