Affiliated Computer Services Inc. will continue to support the Education Department’s student loan program under a one-year contract extension valued at $190 million.
With the performance-based award, ACS begins the sixth year of the Common Services for Borrowers contract, which consists of a five-year base period followed by three potential performance-based award years and then two option years.
Under the contract, ACS manages the business operations for more than $140 billion in student loans to more than 10 million borrowers.
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