The Federal Official Gazette published the rules for renegotiating the Student Financing Fund (Fies) debt. The measure could benefit 500 thousand students who are more than 90 days late in payment. The total debt of these students reaches R$ 10 billion.
Contracts with delay in payment of at least 90 days and still within the amortization period and have not been subject to legal action by the financial agent may be renegotiated. The measure applies to financing contracts granted until the second half of 2017.
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Fies contractors will have two options: repayment, which allows extending the debt payment period for up to 48 monthly installments, in addition to including students with older contracts in the renegotiation; and rescheduling, which makes it possible to dilute the amounts in arrears in the installments due.
For this, a down payment must be paid, in cash, corresponding to the highest value between 10% of the consolidated value of the overdue debt and R$ 1 thousand. The amount of the monthly amortization installment resulting from the renegotiation cannot be less than R$200, even if it implies a reduction in the remaining contractual term.
The financed student interested in renegotiating the debt with Fies must present himself at the bank branch where he signed the contract, with a or more guarantors, whose income cannot be less than twice the value of the new installment calculated, respecting the type of guarantee hired.
Students will be able to adhere to the renegotiation until December 31, 2019. The periods for requesting and contracting the renegotiation must still be defined by the National Education Development Fund (FNDE).
Yesterday (31), the Minister of Education, Rossieli Soares, said that meetings will still be held with Banco do Brasil and Caixa Econômica Federal. The information was disclosed by Agência Brasil.
