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ISAC - Illinois Student Assistance Commission·Illinois

IDAPP Student Loan Servicing - Sole Source

Closes 1/21/2026$100k – $500kSole Source
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Description

The Illinois Student Assistance Commission is seeking a sole source provider for IDAPP student loan servicing. The contract is intended to be awarded to Nelnet Servicing, LLC d/b/a Firstmark Services. The scope of work includes annual student loan servicing costs for IDAPP student loans for one year. Interested parties may submit written comments or request a public hearing by January 16th, 2026. Key aspects of the contract include: • The contract is for a one-year term • The scope of work includes student loan servicing for IDAPP student loans • The contract is intended to be awarded to Nelnet Servicing, LLC d/b/a Firstmark Services • Interested parties may submit written comments or request a public hearing by January 16th, 2026

Attached files

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

Contact

Dianne Richman(Chief Procurement Office)

[email protected]

(217) 622-1857

Key dates

Opened
1/7/2026
Closes
1/21/2026

Last updated

Details

Type
Sole Source
Industry
Financial Services
NAICS
522320
Solicitation №
26-691ISAC-IDAPP-B-50645

Budget estimate

$100,000 – $500,000

The budget for this contract is not explicitly stated in the document. However, considering the scope of work involves student loan servicing for a one-year term, the budget could be substantial. Assuming an average annual cost of student loan servicing per student, the total budget could range from $100,000 to $500,000 or more, depending on the number of students and the specific services required. Factors that may influence the likely payment range include the number of students, the type of services required, and the level of competition in the market.

AI estimate from the solicitation

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