ACS wins Ed. contract again

Affiliated Computer Services Inc. prevailed in a protest over its winning an extension for a $150-million-a-year contract for loan servicing services with the Department of Education.

SLM Corp. of Reston, Va., commonly known as Sallie Mae, protested the award when it was announced in November 2001. Sallie Mae is the leading provider of funding and servicing for education loans.

In January, the Department of Education announced it would conduct market research to determine whether it was appropriate to extend the contract with ACS of Dallas. On May 8, the agency announced it would keep ACS.

ACS has held the contract for the Direct Loan Servicing System since 1994, and will now continue to provide those services through Sept. 30, 2007. The system provides application, payment collection, accounting and reconciliation of government-sponsored loans to students for higher education tuition payments.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.