Award
Definitive Contract #91003125C0011
Definitive Contract Modification for Student Loan Records Transfer to Federal Records Center
Buyer
Department of Education
Award Amount
$393,122,438.82
Ceiling
$393,122,438.82
Period of Performance
Feb 01, 2025 – Jul 31, 2026
Identifier
91003125C0011
NAICS
541512
This award is a definitive contract modification granted to Maximus Federal Services, Inc., a leading government operations consultancy, by the Department of Education. The contract supports the Debt Management and Collections System (DMCS) acquisition program, focusing on transferring permanent and microform student loan records, including loan servicing and financial records, to the Federal Records Center in Fort Worth. This modification ensures the secure preservation and management of critical federal student loan data, enhancing operational reliability and aiding technology modernization efforts within federal loan administration. The scope covers managing and safeguarding these records over a multi-year period, with primary performance in McLean, Virginia. This competitively awarded contract modification spans a performance timeline from early 2025 through mid-2026. A key subcontractor, EisnerAmper LLP, is engaged to evaluate the design and operating effectiveness of DMCS controls during early to mid-2026, providing vital independent assessment to support contract objectives. This contract modification is significant as it underpins trusted maintenance of federal records, directly impacting effective student loan administration and improving public service delivery.
Description
THE PURPOSE OF MODIFICATION P00029 IS TO MIGRATE CR 5274 SCRA LETTER AND CR 6323 DMCS DEFAULT CONTROL MAIL FROM THE LEGACY TO THE SOLE SOURCE CONTRACT, INCORPORATE CR 7459 CREATE A PROCESS TO RECALL BORROWERS FROM DMCS TO ECSI, INCORPORATE NO-COST CR