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Education awards $966M contract for grant system
Federal Times: Accenture Federal Services was awarded a $966 million contract to continue administering the Department of Education's financial aid system for the next decade.
The Common Origination and Disbursement (COD) system — which has been managed by Accenture since 2001 — provides technical and operational support for Pell grants, direct loans, Teacher Education Assistance for College and Higher Education (TEACH) grants and Iraq Afghanistan Service Grants (IASG).
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