Dept of Ed to Hold Forum for Collection Contract Hopefuls

The United States Department of Education (ED) has announced it will hold a one-day conference for collection agencies interested in contracting opportunities available for small businesses pursuant to the General Services Administration (GSA) schedule for debt collection, Special Item Number 520-4.

The purpose of the conference is to inform interested parties about ED’s Private Collection Agency (PCA) small-business set-aside contracts, which are earmarked for qualified collection agencies that have demonstrated the ability to collect defaulted student loans on a nationwide basis while meeting the Small Business Administration’s size standard for what constitutes a small business in the collection industry.  A collection agency with less than $6.5 million in gross revenue for the past three years, on average, is considered a small business.  The conference will also cover how even non-GSA schedule contract holders can pursue subcontracting opportunities with current and future large businesses serving ED.