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$392,438,575

Department of Education·Department of Education

to NELNET SERVICING LLC

educationactiveONGOING · MOD OF 2024 CONTRACT
WORK BEGAN2024-07-01·LATEST ACTION2026-05-26·SOURCEUSASPENDING·SOURCE IDCONT_AWD_91003124F0321_9100_91003123D0005_9100
Award 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.

Verbatim from USAspending.gov. Capitalization, abbreviations, and codes are unchanged.

The Buildout's read

What the model surfaced from this award

Confidence: high
In plain English

Operations and maintenance obligation under an existing student loan servicing contract that began in July 2024.

Sub-sectors
student-loan-servicingm&o-contractongoing-obligation
Why this matters

Student loan servicing is critical federal infrastructure; this $398M increment ensures continuity of payment processing and borrower support for millions of federal loan holders.

Generated by award_classification v2.1.0 via claude-haiku-4-5-20251001 on 2026-05-18. Cost: $0.002690.

Period of performance
Start
2024-07-01
End
2027-03-31
Status
activein 274 days
Sources

The Buildout does not edit federal records. Any inaccuracy reflects the upstream source; it will update here when corrected there.

$392.4M Department of Education — The Buildout — The Buildout