Step that permanently connects the financial market to the commitment to the Social, since Tuesday (1st) the sale of the Treasury Educa+, a Direct Treasury bond (prefixed paper issued by the National Treasury), which aims to finance the higher education of children.
Launched at a ceremony on the B3 (B3SA3) – the Brazilian stock exchange – which was attended by the Secretary of the Treasury, Rogério Ceron, the bond allows the its holder acquires additional income in order to pay for the university studies of students, starting from a monthly income of R$ 500 for five years.
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Contrary to popular belief, the Educa+ Treasury is not exclusive to parents, but can be acquired by people, from any age, who wish to take a course, in the medium term, such as specializations, masters or doctorates.
With R$30, investors can buy Educa+ Treasury bonds, whose invested amounts can be returned in 60 monthly installments, a period equivalent to most higher education courses. The amount invested, in turn, will be corrected by the official inflation measured by the Extended National Consumer Price Index (IPCA), plus a real interest rate (above inflation).
It will be up to the investor to choose the securities of his choice, according to the maturity year. At first, 16 titles will be made available, with a forecast for the return of funds applied from 2026 to 2041. The correction by the IPCA allows the value of these papers not to be 'eaten' by the inflationary variation.
From the point of view of redemption, this can only be carried out after a period of 60 days has elapsed, so that the securities can be sold. As is common in the capital market, if the redemption occurs before the maturity of the security, this will imply a loss of money by the investor. If, on the other hand, its holder holds the securities until maturity, they will be exempt from the custody of B3 (0.1% each semester) – if the income limit of four minimum wages is not exceeded monthly.
However, if the investor anticipates the redemption, before the estimated seven years, he will have to pay a fee on the redemption value, corresponding to 0.5% per annum. As for the period between seven and 14 years of 'loading' the paper, the incident rate will be 0.20% per year. Above 14 years, this will fall to 0.1% per year. It is important to remember that the maturity of the title only occurs after the end of the 60 installments of payments.
Educa+ is inspired by studies by the 1997 Nobel Prize in Economics, Professor Robert Merton, and his colleague Arun Marulidhar, who introduced the concept of financial products accessible to anyone, training savings focused on planning educational.
In fact, the new security constitutes the second stage of the launch of securities linked to specific investments within the Treasury Direct Program. Its predecessor, the Renda+ Treasury, launched in January this year, aimed at financing retirement complement, already has 52 thousand investors and more than R$ 1 billion in invested volume, in just six months.
An investment modality through which the government raises resources to pay debts and honor commitments, Educa+ provides that the Treasury will be able to return the capital invested, plus an additional amount, which will vary according to the Selic rate, inflation rates, exchange rate or a previously defined rate, in the case of bonds prefixed.
Get to know some modalities of the Direct Treasury
Selic Treasury: in this bond, the yield is linked to the basic interest rate of the economy, the Selic;
Treasury IPCA+: part of the income is prefixed and the other is linked to the country's official inflation index, the IPCA;
IPCA+ Treasury with half-yearly interest: it is also linked to the IPCA, but part of the interest (income) is paid every six months;
prefixed treasure: the yield is prefixed, that is, you know how much you will receive (if you take the bond to maturity) as soon as you invest in that bond;
Treasury prefixed with semi-annual interest: Interest is also known at the time of investment, but you receive part of the interest (yield) every six months.
Income+: focuses on the long term and on offering a supplementary retirement. Those who invest in the Treasury Direct RendA+ can receive 240 monthly installments (equivalent to 20 years), with amounts corrected for inflation.
Incidence of Income Tax (IR)
| Time the investor held the title | income tax rate |
| Up to 180 days | 22,5% |
| From 181 to 360 days | 20% |
| From 361 to 720 days | 17,5% |
| Over 720 days | 15% |