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  5. ›CHESLA Defaulted Loan Collection Services

Connecticut CHESLA·Connecticut

CHESLA Defaulted Loan Collection Services

Closes 2/5/2026$300k – $1.5MRequest for Proposal
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Description

The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is seeking a qualified firm to provide Defaulted Loan Collection Services for a period of up to three years. The successful bidder will be expected to have established expertise in the area of defaulted debt collection, particularly in relation to private student loans. The scope of services includes providing collection services for defaulted loans, with a focus on fair debt collection practices and knowledge of higher education lending laws. The bidder should highlight their recent experience in collection efforts and their course of action when working with private supplemental student loans. • The contract period is for up to three years • The bidder should have substantial and demonstrable expertise in fair debt collection practices • The bidder should have knowledge of higher education lending laws and other areas of legal and collection services pertinent to CHESLA • The bidder should highlight their recent experience in collection efforts and their course of action when working with private supplemental student loans

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Shannon Reynolds(Main Contact)

[email protected]

(860) 761-8484

Key dates

Opened
1/7/2026
Closes
2/5/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
521110
Solicitation №
CHESLA01072026

Budget estimate

$300,000 – $1,500,000

Based on the fact that the contract is for up to three years and the scope of services includes the collection of defaulted loans, the budget for this opportunity could be substantial. However, without knowing the exact number of loans to be collected or the amount of each loan, it is difficult to estimate the budget. Assuming an average loan amount of $10,000 and a collection rate of 20%, the total budget could be in the range of $100,000 to $500,000 per year, depending on the number of loans and the collection rate. Therefore, the total budget for the three-year contract could be in the range of $300,000 to $1,500,000.

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