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State University of New York (SUNY)·New York

Collection Services

Closes 9/15/2026$5M – $25MRequest for ProposalLogin required
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Description

The State University of New York (SUNY) Student Loan Service Center (SLSC), operating under the administration of the University at Albany (UAlbany) is seeking to contract with two collection agencies for the referral of delinquent Federal campus-based student loans and past-due educational accounts receivable. Only proposals from Contractors, presently engaged in the collection business and having collection experience with the Federal campus-based student loan programs and delinquent A/R will be considered. Each of the two agencies selected will enter into two separate Agreements with the SUNY SLSC; one for the student loan collections and one for the delinquent accounts receivable. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: RMS - Recovery Management Services, Inc. National Collections Systems, Inc. Service-Disabled Veteran-Owned Business (SDVOB) SDVOB Goal: 6.00% Minority / Women Business Enterprise contracting goals (MWBE) MBE Goal: 15.00% WBE Goal: 15.00%

Attached files

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

Contact

Edward Kane(Senior Purchasing Associate)

[email protected]

(518) 437-4579

Key dates

Opened
8/12/2026
Closes
9/15/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
561440
Solicitation №
501050

Budget estimate

$5,000,000 – $25,000,000

The budget for this contract can be estimated based on the scope of work, which includes the collection of delinquent student loans and accounts receivable. Assuming an average collection rate of 20% and an average debt amount of $10,000, the total potential revenue for the contractor could be around $1 million to $5 million per year, depending on the number of accounts referred and the success rate of the collection agency. Over the 5-year contract term, the total budget could range from $5 million to $25 million.

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