Approximately 1 million students will have the opportunity to renegotiate their debts with the Student Financing Fund (FIES) from March 7th. The total number of students who are in default, that is, those who are more than 90 days late in payment reaches 51.7% of students with financing and a total of R$ 9 billion in installments that are no longer paid.
For students who have debts between 90 and 360 days late, they will have a 12% discount on the debt amount, interest exemption and will be able to pay the amount in up to 150 installments.
For students who have debts that are 90 to 360 days overdue, the discount is 12% on the outstanding balance, interest and fines are waived, and payment is made in up to 150 installments.
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If the default is more than 360 days overdue, the discount will reach 86.5% of the total amount and even if the student is included in CadUnico or is a beneficiary of Emergency Aid, the discount will reach 92% and the amount can be paid in 10 times.
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The financial agents responsible for FIES renegotiations, Banco do Brasil and Caixa Econômica Federal, provided negotiation channels and from the first installment paid, the student's name will no longer be registered credit restrictions.
The value of the installment must be at least R$ 200 and the operation can be carried out in full through the service channels that were made available by the financial agents.
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