Education Award | EDFSA12D0012 | CT "CRITICAL FUNCTION". SERVICING OF TITLE IV STUDENT FINANCIAL AID IN ACCORDANCE WITH SECTION 2212 OF THE HEALTH CARE AND EDUCATION RECONCILIATION...

EDFSA12D0012 - CT "CRITICAL FUNCTION". SERVICING OF TITLE IV S...

Federal Contract Award Search » IDC Award - Servicing of Title IV Student Financial Aid (2012)

This IDC contract for Financial services was awarded in FY2012 on Jul 12, 2012 to Oklahoma Student Loan Authority by Federal Student Aid. There have been $114.7M in obligations to date with a ceiling value of $2.8B, showing a 4% burn rate so far on the contract. The contract was not competed under any preference program with 13 offers received. We expect a 10 year duration with ultimate completion date of Dec 14, 2022.

Oklahoma Student Loan Authority is a contractor located in OK, doing primarily Financial services work for Education. The company receives $11.2M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Contract Number
EDFSA12D0012
Obligations to Date
$114.7M
Ceiling Value
$2.8B
Award Date
07/12/2012
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
Education»Federal Student Aid


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Task Order History

Task Order No. Contractor Obligations Effective Date
0001 OKLAHOMA STUDENT LOAN AUTHORITY $4.8M 07/16/2012
0002 OKLAHOMA STUDENT LOAN AUTHORITY $1.8M 12/17/2013
0003 OKLAHOMA STUDENT LOAN AUTHORITY $2.5M 09/17/2014
0004 OKLAHOMA STUDENT LOAN AUTHORITY $2.9M 09/21/2015
0005 OKLAHOMA STUDENT LOAN AUTHORITY $140.2k 09/22/2015
0006 OKLAHOMA STUDENT LOAN AUTHORITY $6.4M 09/19/2016
0007 OKLAHOMA STUDENT LOAN AUTHORITY $8.4M 09/18/2017
91003118F0350 OKLAHOMA STUDENT LOAN AUTHORITY $14.1M 08/30/2018
91003119F0343 OKLAHOMA STUDENT LOAN AUTHORITY $2.2M 09/03/2019
91003120F0335 OKLAHOMA STUDENT LOAN AUTHORITY $71.5M 12/30/2019

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