ADFA Expands Edfinancial Student Loan Services Contract
Arkansas Development Finance AuthorityState · Little Rock, AR- Disclosed value
- Increased from $850,000 to $1,750,000 (FY 2025–FY 2026)
- From agendapacket
- Document date
- Dec 4, 2025
The 30-second brief
The Arkansas Development Finance Authority, doing business as Arkansas Student Loan Authority, approved a first amendment to its Program Administration Agreement with Edfinancial Services to increase the two-year contract ceiling from $850,000 to $1,750,000 for services through June 30, 2026. The amendment accommodates significantly higher default management and related support costs following the resumption of federal student loan repayments.
Edfinancial Services LLC holds this professional services contract with Arkansas Development Finance Authority. Its other public contracts on record include work for Hillsborough Community College and Texas State Technical College.
Term as filed: Initial Term July 1, 2024 – June 30, 2026 (two-year renewable contract).
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Contract details
- Contract type
- Professional Services
- Amount
- Increased from $850,000 to $1,750,000 (FY 2025–FY 2026)
- Document date
- December 4, 2025
- Term
- Initial Term July 1, 2024 – June 30, 2026 (two-year renewable contract)
- Vendor
- Edfinancial Services LLC
- Source document
- Arkansas Development Finance Authority Board Committee Meeting Agenda Packet 2025-12-04 (AgendaPacket)
Edfinancial Services LLC's other public contracts
More Arkansas Development Finance Authority contracts
Questions about this contract
Who was awarded the professional services contract by Arkansas Development Finance Authority?
Edfinancial Services LLC was awarded this professional services contract by Arkansas Development Finance Authority, as recorded on December 4, 2025. The contract value is Increased from $850,000 to $1,750,000 (FY 2025–FY 2026).
How much is the Edfinancial Services LLC contract with Arkansas Development Finance Authority worth?
The Edfinancial Services LLC contract with Arkansas Development Finance Authority is valued at Increased from $850,000 to $1,750,000 (FY 2025–FY 2026), 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 2025-12-04 (AgendaPacket), dated December 4, 2025 from Arkansas Development Finance Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Edfinancial Services LLC hold?
Edfinancial Services LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor 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.