FINANCIAL_SERVICESAMENDED

ADFA Expands EdFinancial Loan Servicing Agreement

The ADFA Board approved an amendment to its agreement with EdFinancial, increasing the contract from $850,000 to $1,750,000 for fiscal years 2025 and 2026 to support student loan-related services. The change was recommended by the Asset Commitment Committee and ratified by the full Board.

Status
AMENDED
Document date
February 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
EDFINANCIAL
Agency
Arkansas Development Finance Authority · AR

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Increase from $850,000 to $1,750,000
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal year 2025 and fiscal year 2026
Renewal date
2026-06-30
Renewal
Amendment increases total contract value to $1,750,000 for FY2025–FY2026; prior ceiling was $850,000.
Document type
AgendaPacket
Source document
Arkansas Development Finance Authority Board of Directors Meeting Agenda Packet 2026-02-19

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Arkansas Development Finance Authority?

EDFINANCIAL was awarded this financial services contract by Arkansas Development Finance Authority, as recorded on February 19, 2026. The contract value is Increase from $850,000 to $1,750,000.

How much is the EDFINANCIAL contract with Arkansas Development Finance Authority worth?

The EDFINANCIAL contract with Arkansas Development Finance Authority is valued at Increase from $850,000 to $1,750,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Arkansas Development Finance Authority Board of Directors Meeting Agenda Packet 2026-02-19 (AgendaPacket), dated February 19, 2026 from Arkansas Development Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does EDFINANCIAL hold?

EDFINANCIAL may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View EDFINANCIAL's profile

What is Arkansas Development Finance Authority currently buying?

Explore Arkansas Development Finance Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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