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FNDE extends deadline to renew Fies financing contracts

The National Fund for the Development of Education (FNDE) has extended until June 30, 2022, the deadline for the semiannual renewal of financing contracts granted by the Student Financing Fund (Fies), simplified and non-simplified, for the first half of 2022 .

Ordinance 312/22 with this objective was published in this Friday’s edition (27) of the Official Diary of the Union.

The rule also extends until June 30, the deadline to carry out the full transfer of a course or educational institution and to request an extension of the deadline to use the funding, respectively, for the first half of 2022.

The renewal process must be done through the SisFies system. The period has been extended to ensure that students can make the amendments during the covid-19 pandemic.

In the case of a non-simplified amendment, when there is a change in the contract clauses, such as a change of guarantor, for example, the student must take the supporting documentation to the bank to complete the renewal. In the simplified amendments, the renewal is formalized from the validation of the student in the system.

Fies contracts must be renewed every six months. The amendment request is initially made by the educational institutions and then the students must validate the information entered by the faculties in SisFies.

The extension made by the FNDE is valid for contracts signed until December 2017. The Novo Fies contracts, signed from 2018 onwards, have a schedule defined by Caixa.

Fies

Fies is a federal government program that aims to facilitate access to credit to finance higher education courses offered by private institutions. Created in 1999, it has been offered in two modalities since 2018, through Fies and the Student Financing Program (P-Fies).

The first is operated by the federal government, without interest, for students who have a family income of up to three minimum wages per person. The maximum percentage of the value of the financed course is defined according to family income and educational charges charged by educational institutions.

P-Fies works with resources from constitutional funds and participating private banks, which implies charging interest.

Translated to english by RJ983

From Brazil, by EBC News




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