Collection Services for Defaulted Student Loans
The purpose of this Invitation to Negotiate (ITN) is to select and negotiate with qualified vendors wishing to provide collection services for defaulted student loan accounts held by the Department. Each vendor submitting a response to this ITN shall have a minimum of at least three (3) years experience in the collection of student loans, including Administrative Wage Garnishment and either at least three (3) years experience with collections under the Federal Family Education Loan Program (FFELP), including Administrative Wage Garnishment or at least three (3) years experience with collections under the Federal Direct Student Loan program (FDLP), including Administrative Wage Garnishment. The accounts for which collection services are sought primarily include defaulted student loan obligations purchased as claims from lenders and other holders of loans under the FFELP.
