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Awarded contract·Texas State Technical College (TSTC)·Texas

Student Default Management- Statewide

Won by Wright International Student Services$750kSingle Award
Contract source

Awarded vendors

  • Wright International Student Services

Description

The contract is for Student Loan Default Prevention Services for all TSTC campuses. The vendor will provide services to help prevent student loan defaults, and the contract has a term of two years with the option to renew for up to four additional years. The RFP includes requirements for the vendor's approach, experience, and pricing structure. Some of the key points of the contract include: • The vendor will provide a range of services to help prevent student loan defaults, including counseling and outreach to students. • The vendor will be evaluated based on their experience, pricing structure, and ability to lower default rates. • The contract has a term of two years with the option to renew for up to four additional years. • The vendor must comply with all applicable laws and regulations, including those related to data security and confidentiality. Some of the key benefits of this contract include: • The vendor will provide expertise and resources to help TSTC reduce student loan defaults. • The contract includes a range of services to support students, including counseling and outreach. • The vendor will be evaluated based on their performance, which will help ensure that TSTC is getting the best possible service.

Attached files

Key dates

Starts
1/1/2021
Ends
12/1/2022Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Education
NAICS
611710
Solicitation №
47

Contract value

$750,000

The value of the contract is not explicitly stated in the document, but based on the pricing sheet and the scope of work, it appears to be a significant contract with a value likely in the hundreds of thousands of dollars. The contract includes a range of services, including counseling and outreach to students, and the vendor will be paid based on their performance. The pricing sheet includes a range of fees, including a load fee, a cure fee, and a removal fee. Based on these fees and the scope of work, a reasonable estimate for the value of the contract would be around $500,000 to $1 million per year.

AI estimate from the award documents

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