O Higher Education Student Financing Fund (faithful) is a Brazilian government program that provides funding for university students who do not have financial conditions to fully pay tuition fees for higher education courses at private institutions.
The program helps thousands of low-income Brazilian students get into college. This is because the student begins to pay the financing only after completing the course, with a grace period of 18 months. Administered by the Ministry of Education (MEC), FIES aims to expand access to higher education.
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Fernando Haddad, current Minister of Finance, even after no longer being Minister of Education, continues to think about improvement projects in this regard. Recently, he announced very good news involving Fies, which could make life easier for many students.
If you want to get a FIES scholarship, starting in 2023, the program will receive a much larger investment. According to Haddad, another R$ 500 million will be allocated to the program and should benefit thousands of students.
The announcement was made during the event held by the Federation of Industries of the State of São Paulo (Fiesp). If you took the National High School Examination (ENEM) in 2022, you can use the grade to enter the program. The Fies edict has already been made available to students.
In addition to it, the University for All Program (pronounce), which guarantees students scholarships of 50% or 100% of the value of private Higher Education, also launched a public notice.
Fies interest rates are low, and the student starts paying the loan only after completing the course, with a grace period of 18 months. The value of the installments is calculated according to the student's income and can be paid in up to three times the financed period.
Pay attention to the application requirements and deadlines to ensure participation in the program.
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