ADFA Increases EdFinancial Program Administration Contract

The Arkansas Development Finance Authority Asset Commitment Committee approved an amendment to the EdFinancial program administration contract, raising the not-to-exceed amount from $850,000 to $1,750,000. The expanded funding supports default management, counseling, IT, and marketing services for Arkansas Student Loan Authority partner schools.

Scope & details

The full contract record, as filed.

Contract amount

Increase from $850,000 to $1,750,000

Contract type

PROFESSIONAL_SERVICES

Renewal

Amendment increases the maximum contract amount to $1,750,000; existing scope and structure otherwise remain in place.

Document type

AgendaPacket

Source document

Arkansas Development Finance Authority Board Committee Meeting Agenda Packet 2026-02-19

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Arkansas Development Finance Authority, ArkansasIncrease from $850,000 to $1,750,000Feb 19, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

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

EDFINANCIAL was awarded this professional 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 professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Arkansas Development Finance Authority Board Committee 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.

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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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