STUDENT FINANCIAL AID COLLECTION MANAGEMENT SERVICES

The Los Angeles Community College District (LACCD) issued RFP 21‑04 seeking firms to provide student‑financial‑aid collection management services across its nine‑college district. After a competitive process, three vendors were selected to form a “bench” that will collectively handle delinquent federal Perkins and Nursing loan collections, with the district retaining the right to assign accounts based on performance. Compensation is on a contingency‑fee basis, with rates limited to 22‑30 % of placed balances. The contract will run for an initial three‑year period and may be extended for up to two additional one‑year terms. Key points include: • Scope limited to Federal Perkins and Nursing loan collections (no tuition/AR collections). • Three contractors will be awarded simultaneously, creating a shared‑service model. • Fee ceiling of 30 % and required insurance (CGL, Workers’ Comp, SAM liability). • Award contingent on Board of Trustees approval (Nov 3 2021). • No budget or contract value disclosed in the public documents.