Recipients › Tennessee › Edfinancial Services LLC
Recipient organisation · UEI TB69PMAFZSK8
Edfinancial Services LLC
USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026. View the USAspending recipient profile.
USAspending records $759M in award obligations to Edfinancial Services LLC (Knoxville, TN) over the fiscal years it is listed for (2023, 2024, 2025, 2026).
In FY2026, the most recent complete fiscal year, obligations were $193M, of which $193M (100%) came through contracts.
That is down 23% on FY2025 ($249M).
Edfinancial Services LLC ranks 24 of 439 listed organisations located in TN by five-year obligations, and 1,074 of 30,000 nationally.
Its $1.0M-plus awards since FY2023 came from Department of Education: 8 awards worth $600M in total award value.
Its largest contract industry is NAICS 522390 (Other Activities Related to Credit Intermediation), where it ranks 4 of 8 organisations by the value of $1.0M-plus awards.
Obligations by fiscal year contracts vs assistance
| Fiscal year | All obligations | Contracts | Assistance | Change |
|---|---|---|---|---|
| FY2023 | $131,175,059 | $131,175,059 | $0 | — |
| FY2024 | $185,542,192 | $185,542,192 | $0 | +41% |
| FY2025 | $249,322,950 | $249,322,950 | $0 | +34% |
| FY2026 | $193,041,211 | $193,041,211 | $0 | -23% |
| FY2027 to date | under $1.0M | — | — | — |
A fiscal year runs 1 October to 30 September. "Contracts" are procurement award types A–D; "assistance" is everything else (grants, direct payments, loan subsidy cost, insurance, other). The contracts column is listed only where contract obligations alone reached $1.0M; the assistance figure is the remainder and may therefore include up to $1.0M of contracts.
Compared with its state and the largest recipients five listed years
| Measure | This organisation | Largest in TN | Largest nationally |
|---|---|---|---|
| Five-year obligations (listed years) | $759M | $43B | $416B |
| FY2026 obligations | $193M | $12B | $118B |
| Contracts, five years | $759M | under $1.0M | $94B |
| Assistance, five years | $0 | $43B | $416B |
| Rank by five-year obligations | 1,074 of 30,000 | 1 of 439 in TN | 1 |
Largest in state: Finance & Administration Tennessee Depar. Largest nationally: Health Care Services, California Department of. Rankings count organisations located in the state, by the sum of their listed fiscal years.
Awarding agencies $1.0M+ awards since FY2023
| # | Agency | Awards | Award value | Share |
|---|---|---|---|---|
| 1 | Department of Education | 8 | $600M | 100% |
Contract industries NAICS
Rank within NAICS 522390: 4 of 8 organisations by $1.0M+ award value; see Other Activities Related to Credit Intermediation.
Places of performance $1.0M+ awards
Counties: Knox County, TN $600M
Largest awards begun since FY2023
| Awarding agency | Type | Industry or program | Award value | Begun | Place | Record |
|---|---|---|---|---|---|---|
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $209M | 28 Jun 2024 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $124M | 31 Mar 2026 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $87M | 23 Sep 2025 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities | $85M | 29 Oct 2024 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $42M | 27 Mar 2024 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities | $40M | 5 May 2023 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $9.4M | 24 Apr 2023 | TN | USAspending |
| Department of Education | ContractDelivery Order | 522390 Other Activities Related to Credit Intermediation | $3.0M | 22 Sep 2026 | TN | USAspending |
Award value is the amount obligated to the award to date as USAspending reports it. Descriptions below are USAspending's text, unedited and truncated; those that appear to name a person are withheld.
- $209M, Department of Education, 28 Jun 2024: OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVI
- $124M, Department of Education, 31 Mar 2026: OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVI
- $87M, Department of Education, 23 Sep 2025: 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 T
- $85M, Department of Education, 29 Oct 2024: STEADY-STATE TASK ORDER 2 AWARDED AGAINST THE EDFINANCIAL NEXT GEN (NG) BUSINESS PROCESS OPERATIONS (BPO) IDIQ CONTRACT FOR NON-SERVICING AND SPECIALTY PROGRAMS
- $42M, Department of Education, 27 Mar 2024: OPERATIONS AND MAINTENANCE (O&M) TASK ORDER FOR STUDENT LOAN SERVICING IN ACCORDANCE WITH THE REQUIREMENTS OF THE USDS CONTRACT. ALL WORK AND DELIVERABLES PROVI
- $40M, Department of Education, 5 May 2023: THE PURPOSE OF THIS REQUIREMENT IS TO ISSUE IDENTICAL STEADY-STATE TASK ORDERS FOR NON-SERVICING CONTACT CENTER SUPPORT AND BACK-OFFICE PROCESSING TO ALL BPO PR
- $9.4M, Department of Education, 24 Apr 2023: THE INITIAL TASK ORDER IS A FIRM-FIXED PRICE TASK ORDER FOR THE TASKS AND DELIVERABLES REQUIRED FOR THE USDS SERVICER TO BECOME PERFORMANCE READY, ATTAIN ITS AU
- $3.0M, Department of Education, 22 Sep 2026: TASK ORDER FOR DEFAULT PREVENTION PILOT FOR CALENDAR YEAR 2026.
Questions and answers
How much federal money does Edfinancial Services LLC receive?
$759M in award obligations over the fiscal years it is listed for (FY2023: $131M; FY2024: $186M; FY2025: $249M; FY2026: $193M). Years not listed were under the $1.0M floor. Obligations are binding commitments, not payments made.
Which agencies award to Edfinancial Services LLC?
By the value of $1.0M-plus awards begun since FY2023: Department of Education ($600M).
What is the money for?
Contracts are classified under NAICS 522390 Other Activities Related to Credit Intermediation and NAICS 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities.
Where is the work performed?
Primary places of performance for its larger awards: TN ($600M).
Is Edfinancial Services LLC a large federal recipient?
It ranks 1,074 of 30,000 organisations on this site by five-year obligations and 24 of 439 located in TN. The site covers organisations with at least $1.0M in a fiscal year; individuals are excluded.
Where does this data come from?
USAspending.gov (U.S. Treasury), award transactions as loaded on 30 Sep 2026; fiscal-year totals via the spending-by-category endpoint and award lists via the award search endpoint. The USAspending recipient profile is the authoritative record.
Provenance
Source: USAspending.gov API v2 (U.S. Department of the Treasury, Bureau of the Fiscal Service), CC0. Fiscal-year obligations from the spending-by-category recipient ranking by recipient state (listing floor $1.0M per year); awards from the award search endpoint (new awards of $1.0M or more by base obligation date); parent and business categories from the recipient profile where fetched. Closed fiscal years are snapshots taken after year end; FY2027 is refreshed on each build. Data loaded by USAspending on 30 Sep 2026. Individuals and sole proprietors are excluded at ingest. Errors in processing are corrected at the next build; see corrections and the methodology.