Illinois BidBuy #27-691ISAC-IDAPP-B-53732

ISAC Sole Source Student Loan Servicing for FFELP Loans

The Illinois Student Assistance Commission (ISAC), via its IDAPP division, is seeking a sole source provider for student loan servicing of its Federal Family Education Loan Program (FFELP) portfolio. - Government Buyer: - Illinois Student Assistance Commission (ISAC), IDAPP division - Office located in Deerfield, Illinois - OEMs and Vendors: - Nelnet Servicing LLC is named as the sole source vendor - Products/Services Requested: - Student loan servicing for IDAPP's FFELP loans - Annual service contract; no part numbers or specific quantities beyond one annual service - Unique/Notable Requirements: - Sole source justification: Nelnet Servicing LLC is considered the only economically feasible provider - No small business set aside; no BEP/VBP participation goals - Electronic quotes are not accepted - The procurement is for one year of student loan servicing for the FFELP portfolio

Description

This solicitation is for student loan servicing costs related to IDAPP's Federal Family Education Loan Program (FFELP) loans for one year. The contract is intended to be awarded as a sole source to Nelnet Servicing LLC, deemed the sole economically feasible source. The procurement is managed by the Illinois Student Assistance Commission (ISAC) and is not a small business set aside. The bid opening date is September 2, 2026, and electronic quotes are not allowed.

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