The contract is for Income Sharing Agreement Services- Statewide, and the vendor is MentorWorks Education Capital, Inc. The contract is for the state of Texas, and the agency is Texas State Technical College (TSTC). The purpose of the contract is to find a partner/servicer that can help TSTC achieve critical objectives such as increasing enrollment, retention, and graduation rates. The contract includes requirements for the vendor to provide a comprehensive and transparent program model, customizable underwriting process, and program design model that leverages real institutional data. The vendor must also provide information on their company and support team, and must comply with various security requirements. Some key aspects of the contract include:
• The contract is for a single award.
• The contract is for the state of Texas.
• The agency is Texas State Technical College (TSTC).
• The purpose of the contract is to find a partner/servicer that can help TSTC achieve critical objectives.
• The contract includes requirements for the vendor to provide a comprehensive and transparent program model, customizable underwriting process, and program design model that leverages real institutional data.
• The vendor must also provide information on their company and support team, and must comply with various security requirements.