Top Education other activities related to credit intermediation contractors
In the 12 months ending Oct 5, 2026, the Department of Education obligated $1.1B in net prime contract dollars under NAICS 522390, down 14.3% from $1.3B in the preceding 12 months. 6 prime contractors received positive obligations, and 4 of them accounted for 80% of that spend.
Prime contracts funded by the Department of Education. Latest 12 months: Oct 6, 2025 to Oct 5, 2026. Source: USAspending.gov.
Obligations by fiscal year
Net prime contract obligations by federal fiscal year (October to September).
Top Education contractors for NAICS 522390
Ranked by positive obligations in the latest 12 months. Share is of all positive obligations in this market.
| # | Contractor | Latest 12 mo | Prior 12 mo | Share | Rank change |
|---|---|---|---|---|---|
| 1 | Nelnet Servicing LLC | $305.4M | $397.2M | 28.0% | — |
| 2 | Maximus Education LLC | $247.4M | $295.3M | 22.7% | — |
| 3 | Edfinancial Services LLC | $234.0M | $198.9M | 21.4% | ▲ 1 |
| 4 | Missouri Higher Education Loan Authority | $222.4M | $213.5M | 20.4% | ▼ 1 |
| 5 | Central Research Inc | $72.6M | $81.3M | 6.7% | — |
| 6 | Goldschmitt-CRI-2, LLC | $10.4M | $7.6M | 0.9% | ▲ 2 |
What changed in the last 12 months
Contractors with the largest change in reported obligations versus the preceding 12 months.
Largest gains
- Edfinancial Services LLC$198.9M → $234.0M (+$35.0M) · now #3
- Missouri Higher Education Loan Authority$213.5M → $222.4M (+$9.0M) · now #4
- Goldschmitt-CRI-2, LLC$7.6M → $10.4M (+$2.8M) · now #6
Largest declines
- Nelnet Servicing LLC$397.2M → $305.4M (−$91.8M) · now #1
- Accenture Federal Services LLC$61.9M → −$2.1M (−$64.0M) · no latest-period obligations
- Maximus Education LLC$295.3M → $247.4M (−$47.9M) · now #2
Where the money comes from
Funding sub-agencies within the Department of Education, latest 12 months. The funding organization can differ from the office that runs the requirement.
| Funding sub-agency | Latest 12 mo | Prior 12 mo | Change |
|---|---|---|---|
| Department of Education | $1.1B | $1.3B | Down $181.2M (14.3%) |
Potential recompetes
Large awards in this market whose current period of performance ends in the next 18 months. Treat these as research leads: options, extensions, and follow-on vehicles often change the timing.
| Award | Incumbent | Obligated | Current end |
|---|---|---|---|
| 91003126F0022 | Nelnet Servicing LLC OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS… | $210.7M | Dec 31, 2026 |
| 91003124F0319 | Edfinancial Services LLC OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN… | $209.3M | Mar 20, 2027 |
| 91003124F0321 | Nelnet Servicing LLC OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN… | $392.7M | Mar 31, 2027 |
| 91003124F0301 | Nelnet Servicing LLC SPECIALTY TASK SERVICES (STS) TASK ORDER IS FOR IMAGE REPOSITORY, DECOMMISSIONED SERVICER DATA AND PAYMENT SUPPORT, FFEL GUARANTY AGENCY REHABILITATION LOAN PURCHASES, AND LEGACY… | $52.2M | Mar 31, 2027 |
| 91003125F0040 | Maximus Education LLC OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. | $124.5M | Apr 1, 2027 |
| 91003125F0042 | Edfinancial Services LLC OPERATIONS AND MAINTENANCE (O&M) TO FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS SERVICER… | $87.5M | Apr 1, 2027 |
| 91003126F0021 | Missouri Higher Education Loan Authority OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS… | $216.0M | May 31, 2027 |
| 91003125F0043 | Missouri Higher Education Loan Authority OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS… | $89.3M | Jun 19, 2027 |
| 91003124F0320 | Missouri Higher Education Loan Authority OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED MUST BE IN… | $220.8M | Jun 19, 2027 |
| 91003126F0020 | Edfinancial Services LLC OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVIDED BY THE USDS… | $194.3M | Dec 31, 2027 |
Common questions
Who are the top Education contractors for NAICS 522390?
In the latest 12 months, Nelnet Servicing LLC ($305.4M), Maximus Education LLC ($247.4M), Edfinancial Services LLC ($234.0M) received the most Education obligations for other activities related to credit intermediation.
How concentrated is this market?
The eight largest primes held 100.0% of positive obligations, and Nelnet Servicing LLC alone held 28.0%. 0 contractors won their first obligations in this market during the latest 12 months.
Are any large Education NAICS 522390 contracts ending soon?
10 of the largest awards in this market reach their current end date in the next 18 months. The first is 91003126F0022 (Nelnet Servicing LLC, $210.7M obligated), ending Dec 31, 2026. An end date is a research lead, not a confirmed recompete: options and extensions often move it.
Related markets
Figures are net obligations on prime contracts (award types A–D) from USAspending.gov, grouped by funding agency and the NAICS code on each award. Net obligations include deobligations and corrections, so they can differ from positive-obligation totals. See methodology.
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