Federal spending under NAICS 522390 was concentrated in education-related loan servicing and related credit support work. The Department of Education accounted for $1.03 billion of obligations, led by vendors including Nelnet Servicing LLC, Maximus Education, LLC, and the Missouri Higher Education Loan Authority.
NAICS Industry
NAICS 522390 Federal Contract Obligations (Last Year)
NAICS 522390 covers other activities related to credit intermediation, with $1.11 billion obligated across 279 actions in the last full year.
This page summarizes the last full year using obligated amounts and award actions reported in FPDS, with annual totals, agency shares, and top vendor activity.
NAICS Code
522390
Industry
OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION
Total Obligated
1.11 billion
1,108,422,728.03
Award Actions
279
Average Action Value
3,972,841.31
About NAICS 522390 federal contract activity
NAICS 522390, Other Activities Related to Credit Intermediation, accounted for $1.11 billion in obligations across 279 awards during the last full year, with an average award value of $3.97 million. The award base is concentrated in a relatively small number of actions, indicating that this category is driven by a mix of high-value service contracts and recurring program support requirements.
Agency demand and leading federal buyers
The Department of Education dominated spending in this NAICS with $1.03 billion across 257 awards, representing the clear majority of total obligations. The Department of Housing and Urban Development ranked second at $78.20 million across 21 awards, while the Farm Production and Conservation Business Center recorded one award with no obligated amount reported.
Vendor concentration and leading contractors
NELNET SERVICING LLC led vendor obligations at $300.44 million across 54 awards, followed by MAXIMUS EDUCATION, LLC at $227.06 million across 64 awards and the Missouri Higher Education Loan Authority at $181.68 million across 41 awards. EDFINANCIAL SERVICES LLC and CENTRAL RESEARCH INC also held significant positions, showing that contract dollars in this NAICS are concentrated among a handful of specialized service providers.
Annual contract trend over the analysis window
The annual trend shows $1.11 billion in obligations in 2025 across 279 awards, which matches the full analysis window and indicates a single-year dataset for this view. With only one year represented, the trend does not support multi-year comparison, but it does confirm substantial procurement activity in this NAICS during the period.
How to interpret this page
This page is based on FPDS award records classified under NAICS 522390 for the last full year. Obligations, award counts, and averages reflect reported federal procurement data aggregated by NAICS, agency, and vendor; values are shown as recorded and should be interpreted as obligation totals rather than outlays or spend forecasts.
Top Agencies
SELECT
agency_id,
agency_name,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__purchaserInformation__contractingOfficeAgencyID AS agency_id,
anyHeavy(content__award__purchaserInformation__contractingOfficeAgencyID__name) AS agency_name,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '522390'
AND content__award__purchaserInformation__contractingOfficeAgencyID IS NOT NULL
AND content__award__purchaserInformation__contractingOfficeAgencyID != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY agency_id
)
ORDER BY total_obligated DESC
LIMIT 10| Agency ID | Agency Name | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| 9100 | EDUCATION, DEPARTMENT OF | 1,030,226,752.30 | 1.03 billion | 257 |
| 8600 | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | 78,195,975.73 | 78.20 million | 21 |
| 12D0 | FARM PRODUCTION AND CONSERVATION BUSINESS CENTER | 0.00 | 0.00 | 1 |
Insight
Obligations under NAICS 522390 totaled 1.11 billion across 279 awards in the last full year, with an average award value of 3.97 million. The Department of Education accounted for 1.03 billion and 257 awards, representing the clear preponderance of activity and indicating a highly concentrated spending profile. The Department of Housing and Urban Development was a distant second at 78.20 million across 21 awards, while the Farm Production and Conservation Business Center had one award with no obligated value reported.
Top Vendors
SELECT
vendor_name,
cage_code,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
content__award__vendor__vendorHeader__vendorName AS vendor_name,
anyHeavy(content__award__vendor__vendorSiteDetails__entityIdentifiers__cageCode) AS cage_code,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '522390'
AND content__award__vendor__vendorHeader__vendorName IS NOT NULL
AND content__award__vendor__vendorHeader__vendorName != ''
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY vendor_name
)
ORDER BY total_obligated DESC
LIMIT 10| Vendor | CAGE Code | Total Obligated | Readable | Award Actions |
|---|---|---|---|---|
| NELNET SERVICING LLC | 5JZQ5 | 300,439,389.39 | 300.44 million | 54 |
| MAXIMUS EDUCATION, LLC | 96H29 | 227,061,549.33 | 227.06 million | 64 |
| MISSOURI HIGHER EDUCATION LOAN AUTHORITY | 41YN3 | 181,677,693.36 | 181.68 million | 41 |
| EDFINANCIAL SERVICES LLC | 59S93 | 159,656,069.97 | 159.66 million | 36 |
| CENTRAL RESEARCH INC | 3SZE0 | 72,269,696.65 | 72.27 million | 27 |
| ACCENTURE FEDERAL SERVICES LLC | 1ZD18 | 64,698,016.70 | 64.70 million | 21 |
| COMPU-LINK CORP | 76NJ7 | 40,860,618.21 | 40.86 million | 6 |
| INFORMATION SYSTEMS AND NETWORKS CORPORATION | 0BTB1 | 30,686,530.35 | 30.69 million | 5 |
| GREAT LAKES EDUCATIONAL LOAN SERVICES, INC. | 5J3D5 | 11,527,250.00 | 11.53 million | 1 |
| GOLDSCHMITT-CRI-2, LLC | 9G6L4 | 7,602,427.39 | 7.60 million | 4 |
Insight
Top vendors account for a substantial share of NAICS 522390 obligations in the last full year, with NELNET SERVICING LLC leading at $300.44 million across 54 awards, followed by MAXIMUS EDUCATION, LLC at $227.06 million across 64 awards and MISSOURI HIGHER EDUCATION LOAN AUTHORITY at $181.68 million across 41 awards. The top 10 vendors total $1.10 billion of the $1.11 billion obligated, indicating very high vendor concentration in this NAICS. Award activity is also fairly distributed among the leading firms, though obligation levels vary materially, from $300.44 million for the top vendor to $7.60 million for the tenth-ranked vendor.
Annual Trend
SELECT
year,
total_obligated,
award_count,
formatReadableQuantity(total_obligated) AS total_obligated_readable
FROM
(
SELECT
toYear(parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate)) AS year,
sum(content__award__dollarValues__obligatedAmount) AS total_obligated,
count() AS award_count
FROM fpds.data
WHERE
contract_type = 1
AND content__award__productOrServiceInformation__principalNAICSCode = '522390'
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) >= toStartOfYear(now()) - INTERVAL 1 YEAR
AND parseDateTimeBestEffortOrNull(content__award__relevantContractDates__signedDate) < toStartOfYear(now())
GROUP BY year
)
ORDER BY year DESC| Year | Total Obligated | Readable | Award Actions |
|---|---|---|---|
| 2025 | 1,108,422,728.03 | 1.11 billion | 279 |
Insight
Over the last full year, NAICS 522390 recorded $1.11 billion in obligations across 279 awards, indicating a moderate volume of activity with a relatively high average award value of $3.97 million. The year’s activity is concentrated in a single annual period, so no interyear trend can be assessed from the provided data. The combination of substantial obligated dollars and a limited award count suggests obligations were concentrated in fewer, higher-value actions rather than broadly distributed across many small awards.
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