This page summarizes federal obligations for NAICS 522390, which is concentrated in the Department of Education and centered on large-volume service awards tied to credit-related operations. The five-year total is $6.24 billion, with annual obligations ranging from $1.11 billion to $1.51 billion and the highest level in 2023.
NAICS Industry
NAICS 522390 Federal Contract Obligations (Last 5 Years)
Federal procurement activity under NAICS 522390 covers other activities related to credit intermediation, with $6.24 billion obligated across 1,739 award actions in the last 5 years.
Agency, vendor, and annual totals reflect FPDS award actions in the selected 5-year analysis window and may include multiple actions for the same vendor or entity.
NAICS Code
522390
Industry
OTHER ACTIVITIES RELATED TO CREDIT INTERMEDIATION
Total Obligated
6.24 billion
6,239,204,766.30
Award Actions
1,739
Average Action Value
3,587,811.82
About NAICS 522390 federal contract activity
NAICS 522390, Other Activities Related to Credit Intermediation, accounts for $6.24 billion in obligations across 1,739 awards over the last 5 years, with an average award value of $3.59 million. The category is heavily concentrated in education-related lending and servicing activities, indicating substantial federal spending tied to loan administration and related credit support functions.
Agency demand and leading federal buyers
The Department of Education dominates this NAICS, accounting for $5.80 billion across 1,583 awards, or the clear majority of total obligated dollars. HUD is a distant second at $440.82 million and 108 awards, while the remaining agencies contribute only marginally, showing that this market is highly concentrated in a small number of civilian programs.
Vendor concentration and leading contractors
The vendor base is led by MAXIMUS EDUCATION, LLC at $980.19 million, followed closely by the Missouri Higher Education Loan Authority at $939.24 million and NELNET SERVICING, LLC at $914.27 million. ACCENTURE FEDERAL SERVICES LLC and a second NELNET SERVICING LLC entry also appear among the top recipients, reflecting a contractor set focused on loan servicing, administration, and related operational support.
Annual contract trend over the analysis window
Annual obligations peaked in 2023 at $1.51 billion, then declined to $1.22 billion in 2024 and $1.11 billion in 2025. Award counts were highest in 2021 at 415 and remained elevated through the period, suggesting a market characterized by frequent award activity even as dollar volume fluctuated.
How to interpret this page
This page summarizes FPDS obligations classified under NAICS 522390 for the last 5 years and aggregates totals by agency, vendor, and fiscal year. Dollar values reflect obligated amounts as reported in FPDS; award counts and averages are simple rollups from the same dataset and should be interpreted as descriptive, not causal, measures.
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 5 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 | 5,797,587,615.80 | 5.80 billion | 1,583 |
| 8600 | HOUSING AND URBAN DEVELOPMENT, DEPARTMENT OF | 440,824,686.05 | 440.82 million | 108 |
| 7700 | UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION | 373,906.34 | 373.91 thousand | 3 |
| 8900 | ENERGY, DEPARTMENT OF | 337,461.00 | 337.46 thousand | 3 |
| 12D0 | FARM PRODUCTION AND CONSERVATION BUSINESS CENTER | 43,200.00 | 43.20 thousand | 7 |
| 3600 | VETERANS AFFAIRS, DEPARTMENT OF | 32,228.75 | 32.23 thousand | 6 |
| 12E3 | RURAL HOUSING SERVICE | 13,109.56 | 13.11 thousand | 20 |
| 1900 | STATE, DEPARTMENT OF | 0.00 | 0.00 | 1 |
| 12D2 | FARM SERVICE AGENCY | -1,110.00 | -1.11 thousand | 1 |
| 12C2 | FOREST SERVICE | -6,331.20 | -6.33 thousand | 7 |
Insight
Over the last 5 years, obligations under NAICS 522390 totaled $6.24 billion across 1,739 awards, with spending highly concentrated in one agency. The Department of Education accounted for $5.80 billion and 1,583 awards, representing the clear dominant share of obligations in this NAICS. The Department of Housing and Urban Development was a distant second at $440.82 million across 108 awards, while all other agencies each obligated less than $0.4 million, indicating a sharply concentrated distribution.
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 5 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 |
|---|---|---|---|---|
| MAXIMUS EDUCATION, LLC | 96H29 | 980,192,089.22 | 980.19 million | 226 |
| MISSOURI HIGHER EDUCATION LOAN AUTHORITY | 41YN3 | 939,242,689.11 | 939.24 million | 184 |
| NELNET SERVICING, LLC | 5JZQ5 | 914,272,490.17 | 914.27 million | 285 |
| ACCENTURE FEDERAL SERVICES LLC | 1ZD18 | 674,675,786.85 | 674.68 million | 130 |
| NELNET SERVICING LLC | 5JZQ5 | 613,373,210.65 | 613.37 million | 104 |
| GREAT LAKES EDUCATIONAL LOAN SERVICES, INC. | 5J3D5 | 415,397,452.57 | 415.40 million | 164 |
| EDFINANCIAL SERVICES LLC | 59S93 | 312,907,698.26 | 312.91 million | 75 |
| HIGHER EDUCATION ASSISTANCE AGENCY, PA | 41UK7 | 299,614,328.30 | 299.61 million | 108 |
| EDFINANCIAL SERVICES, LLC | 59S93 | 202,960,681.02 | 202.96 million | 67 |
| COMPU-LINK CORP | 76NJ7 | 166,829,043.54 | 166.83 million | 20 |
Insight
Obligations in NAICS 522390 total $6.24 billion across 1,739 awards over the last 5 years, with an average award value of $3.59 million. The vendor base is concentrated at the top: the ten largest vendors account for about $5.52 billion, or roughly 89% of total obligated dollars, indicating a strong reliance on a small set of contractors. MAXIMUS EDUCATION, LLC is the largest recipient at $980.19 million, followed closely by MISSOURI HIGHER EDUCATION LOAN AUTHORITY and NELNET SERVICING, LLC; several vendors also appear under closely related names with the same CAGE code, suggesting award distribution may be split across affiliated or differently named entities.
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 5 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 |
| 2024 | 1,217,625,263.78 | 1.22 billion | 368 |
| 2023 | 1,513,111,743.33 | 1.51 billion | 312 |
| 2022 | 1,226,834,423.01 | 1.23 billion | 365 |
| 2021 | 1,173,210,608.15 | 1.17 billion | 415 |
Insight
Over the last 5 years, NAICS 522390 obligations totaled $6.24 billion across 1,739 awards, with an average award value of $3.59 million. Annual obligations were relatively stable in the $1.17 billion to $1.51 billion range, peaking in 2023 at $1.51 billion before declining to $1.22 billion in 2024 and $1.11 billion in 2025. Award counts were highest in 2021 and 2024, indicating a moderately dispersed award profile with no single year dominating overall activity.
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