Nelnet Servicing LLC

Servicing of Title Iv Student Financial Aid. Tas Code: TAS::91 0198::TAS to Provide Title Iv Student Loan Management and Servicing to Secondary Education Students. Specific Compliance Activities for Servicing Federally Held Assets May Include, But Are Not Limited to: (1) Security (2) Loan Conversion, (3) Financial Reconciliation (4) Servicing (5) Reporting (6) Record Retention and (7) Audit Response Support.

Committed

$1.9 Billion

Covers FY2018 onward — 12 earlier orders (pre-FY2018) aren't counted. Why?

Paid to

Nelnet Servicing LLC

UEI MNXKQ62J7AE8

121 S 13TH ST Ste 201, Lincoln, NE, 68508

Department of Education

Fsa Acquisitions Office

Funding

Department of Education

Federal Student Aid

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How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal contract vehicle · indefinite delivery / indefinite quantity

Department of Education to

Nelnet Servicing LLC

Committed

$1.9 Billion

Covers FY2018 onward — 12 earlier orders (pre-FY2018) aren't counted. Why?

Paid to

Nelnet Servicing LLC

UEI MNXKQ62J7AE8

121 S 13TH ST Ste 201, Lincoln, NE, 68508

Department of Education

Fsa Acquisitions Office

Funding

Department of Education

Federal Student Aid

Loading…

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗