Education Department re-ups Accenture for student aid system work

Accenture Ltd. received a three-year, $179 million contract extension from the Education Department to continue furnishing operation and maintenance services for the system that processes disbursements for federal student aid programs.

Accenture developed and implemented the Common Origination and Disbursement system for the department's Office of Federal Student Aid in 2002. The system consolidates and integrates the legacy systems that support the origination and disbursement of student financial aid funds governed under Title IV of the Higher Education Act.

Among these funds are federal Pell Grants, Supplemental Educational Opportunity Grants, Stafford and Perkins loans, and the federal work-study program.

The Common Origination and Disbursement system has distributed more than $93 billion in federal student aid since its implementation. Accenture's system support services enable the Education Department to disburse about $25 billion in Pell Grants and direct loans annually. Pell grants are awarded only to undergraduate students who have not yet received degrees.

Accenture of Hamilton, Bermuda, which has 123,000 employees and had annual revenue of $15.6 billion in fiscal 2005, ranks No. 25 on Washington Technology's 2005 Top 100 list of federal prime contractors.

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.