Fies: learn how to renegotiate program debts

O faithful (Student Financing Fund) is a program managed by the Ministry of Education (MEC) that aims to aims to increase access to higher education for students who cannot afford college. Through this program, students can obtain full or partial funding for tuition. In today's article, we'll explain better how this program works and how you can renegotiate your debts.

Read more: Renegotiation of Fies: understand how the new application works step by step

How to renegotiate your debts?

As previously mentioned, in Fies, the student receives full or partial financing of monthly fees for your course, being able to pay the costs in a reduced way or when you complete your training.

The debt renegotiation program was changed by the government this year and through it, the student who had overdue FIES debts can be able to renegotiate them, paying amounts with discounts. It is worth noting that the offer is available for contracts that were closed by the end of 2017.

You can request renegotiation until December 31st of this year, through the digital channels of Fies financial agents – Caixa Econômica Federal and Banco do Brasil. To renegotiate with Caixa, the student must first do a simulation in the Fies Caixa app. After that, the boleto can be generated until December 31st. To renegotiate through Banco do Brasil, just look for the option “Debt Solution, Renegotiation Fies”, available in the application. In addition, you can renegotiate through the bank branches themselves.

The value of the discount that can be earned through renegotiation depends a lot on the contractor's profile, but can reach up to 99%. For more information, contact Caixa Econômica or Banco do Brasil.

Through this renegotiation, a man unemployed since 2018, after completing his graduation in Civil Engineering, was able to pay his debt at a great discount. The amount of the debts reached almost 70 thousand reais, and he paid only 5.8 thousand reais – in 10 installments.