Resolution published yesterday (13) by the National Education Development Fund (FNDE) defines the period of 18 months for negotiating debts between students benefiting from the Student Financing Fund (FIES) and institutions. The disclosure was made in an edition of the Official Gazette of the Union.
Until then, if the student needed to renew the FIES contract, all installments should be paid. Now, he must, at least, have negotiated the open installments to proceed with the renewal. In addition to the financing period, another item was included in the resolution published yesterday.
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This is the maximum value of 30% for the monthly installment. If the student has delayed a monthly fee of R$ 150.00, for example, he can pay up to R$ 45.00 added to the amount for the next month. The published rules apply to contracts that do not have full funding, that is, students still pay part of the tuition to the institution.
How does renegotiation work?
According to the resolution, the renegotiation will be done through the internet. The financial agent has a period of four months to make available the portal through which the student will ask for the renegotiation. Thereafter, the educational institution validates the request. If the student fails to pay a monthly fee, he will enter as a defaulter and must seek a new negotiation.
So that there are no abusive charges by institutions, payments must go through Caixa Econômica Federal before going to them. The expectation is that contract renewals with FIES will start in August.
default
Recently, the high rate of default among students benefiting from FIES was announced. According to a survey carried out by the Access to Information Law, the index more than doubled between 2014 and 2018. This means that nearly half of alumni are three months behind on their installments.
Between December 2014 and March 2018, the rate of debtors rose from 18% to 41%, that is, 249,433 contractors have 90 days of overdue installments. More than 600,000 students are in the phase of paying the installments, however, 128,689 March contracts had a delay of one to 89 days. Of the total, 234,103 loans were paid on time.
Other resolutions
More points related to FIES were defined this Wednesday (13). Following the announcement by the Minister of Education, Rossieli Soares, resolutions were published that deal with the minimum guarantee of 50% of financing by the fund, as well as the maximum of BRL 42,983.70 per semester.
The previous ceiling was set at BRL 5,000 in tuition and funding could reach up to 8%, based on the student's income, among other criteria. With the new measure, courses that have monthly installments of R$ 7,000 will once again be integrated into the installment plan. The measures will come into effect as of the next semester and were made in Fies Público.
However, beneficiaries who have a financing contract of less than 50% may request to enter the new rule. It is worth remembering that, in the aforementioned modality, 100,000 vacancies at zero interest, financed by the government, will be made available this year. One of the service criteria is per capita family income of up to three minimum wages.
Learn more about FIES here.
