The new deadline for college students who have borrowed through the Education Fund (Fies) to request a renegotiation of their debt began on Thursday (September 1). Students who renegotiate their debt must pay in full the discount that will be applied. If you want to know more about FIES special discount terms, just keep reading this article.
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FIES debt renegotiation can give you a discount of up to 92%
Re-negotiations can be contracted until December 31, 2022, remotely and directly with the financial agents (Caixa and Banco do Brasil). Students who pay their tuition fees in daily installments are entitled to a 12% discount on debt.
However, students who were on their way to leave school on December 30, 2021, but who are more than 90 days late in paying their tuition fees, may be entitled to a discount of up to 99% of the total amount, depending on each case. The discount obtained varies according to the candidate’s profile.
Additionally, students who are more than a year late and who have benefited from emergency assistance or are registered with Cadúnico can request the discount. Students can simulate renegotiations with the bank they have a Fies contract with to see if they are entitled to the benefit.
Students enrolled in CadÚnico
Students enrolled in the Individual Registry of Social Programs (CadÚnico) or accredited to Emergency Aid will receive a 92% discount on the total amount of debt, which in this case can be divided into 10 equal installments.
It is estimated that 548 million students who are more than 360 days late in FIES fall into this category, as in the case of a student who received a discount of nearly 32,000 BRL, as shown in the image above.
FIES Caixa App
Caixa launched the Fies Caixa app at an event in Campinas (SP), which, in addition to allowing users to analyze contract data and generate vouchers, will also allow late payments to be renegotiated with discounts.
Thus, approximately 2 million customers will be able to take advantage of the service channel that is already available for download.
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