Fundo de Financiamento ao Estudante do Ensino Superior

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The Fundo de Financiamento ao Estudante do Ensino Superior (English: Higher Education Student Financing Fund), also known as FIES, is a Brazilian Ministry of Education program created in 1999 with the aim of financing higher education degrees for students enrolled in private institutions. It allows students to start paying their tuition fees only after graduation. [1] [2]

Contents

History

In 1975, the Ernesto Geisel administration created the Programa de Crédito Educativo (English: Educational Credit Program), reformulated in 1999 during the Fernando Henrique Cardoso government and renamed FIES. Expanded in 2010 by the Lula government, the FIES interest rate was adjusted from 6.5% to 3.4% p.a. (below the SELIC rate). It also established a grace period of 18 months after the end of the course for the beneficiary student to start making payments and extended the repayment period to up to three times the duration of the course. [1] [3] [4] [5] [6]

In 2014, 26% of students enrolled in private higher education institutions benefited from FIES, representing an investment of around R$13 billion by the national government. In December 2014 and early 2015, the administration implemented changes to the criteria for granting finance by limiting the rate of annual readjustment of tuition fees and requiring students to achieve a minimum of 450 points and not to have failed the essay in the National High School Exam (ENEM). At the beginning of 2016, the program faced a cut of R$2 billion (16% compared to the 2015 budget) and changes to the rules and restrictions on access. [1] [7] [8] [9]

In 2018, during the Temer government, the Ministry of Education announced new features for FIES. The maximum amount of tuition financed was increased, now accepting courses costing up to 7,000 reais per month and up to 10,000 reais for medical courses, limited to 42,900 and 60,000 reais per semester, respectively. [10] [11] [12] [13] In addition, the MEC emphasized that 100,000 students will be able to finance the course with zero interest, as long as they belong to the group with a family income of up to three minimum wages; the ENEM score is used as the classification criterion for this benefit. [1] [14]

Requirements

Candidates interested in the selection process must meet the following requirements: [15]

As of 2015, courses rated 5 and 4 in the Sistema Nacional de Avaliação da Educação Superior (SINAES) were given priority, as were courses in the North, Northeast and Central-West regions, with the exception of the Federal District. Students financed by FIES were granted a 5% discount on their tuition fees through the institutions. [16]

To be eligible for FIES, applicants must have taken the ENEM from 2010 onwards, except in the following cases:

Selection process

The FIES selection process allows applicants to choose up to three courses. Like SISU, it has a cut-off score updated daily, according to the programs chosen by the student. The tie-breaking criteria in the FIES placement process are as follows: [17]

Renewal

The renewal of the financing can be classified in two ways: simplified, when there are no changes to the contractual clauses of the financing, and non-simplified, when there are changes to the contract. [18]

Temporary suspension

Temporary suspension can occur in the following situations: [19]

Termination of contract

If the student has completed the financing period, the grace and amortization phases will start automatically. If the student wishes to request an early termination, they must access the FIES Computerized System (SisFIES) and choose one of the following options: [19]

Operation

FIES is operated by Caixa Econômica Federal and Banco do Brasil. All the operations of the selection process, from the adhesion of educational institutions and student registration to the publication of results and interviews, are carried out over the Internet. The selection criteria are impersonal and objective. [20]

See also

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References

  1. 1 2 3 4 Prata, Pedro (2022-05-09). "Fies foi criado no governo de FHC e expandido sob gestão de Lula". Estadão. Retrieved 2023-12-18.
  2. ↑ "LEI No 10.260, DE 12 DE JULHO DE 2001". Federal Government. Retrieved 2023-12-18.
  3. ↑ "Juros do Fies são reduzidos pela metade". R7. 2010-01-15. Archived from the original on 2018-01-30. Retrieved 2018-01-29.
  4. ↑ "Fies foi criado durante governo de FHC, não na gestão de Lula". CNN Brasil. 2022-05-18. Retrieved 2023-12-18.
  5. ↑ "Proposta aumenta prazo para estudante formado começar a pagar o Fies". Agência Câmara de Notícias. 2014-08-29. Retrieved 2023-12-18.
  6. ↑ "Juros no início do governo Lula eram de 26,5%; taxa hoje é menos da metade". UOL. 2010-12-08. Retrieved 2023-12-18.
  7. ↑ Venturi, Jair (2015-03-15). "Fies: dois meses de incertezas". Gazeta do Povo. Retrieved 2015-03-25.
  8. ↑ Borges, André (2016-01-01). "Minha Casa, Pronatec e Fies sofreram cortes de R$ 11 bilhões". Estadão. Retrieved 2023-12-18.
  9. ↑ Saldana, Paulo (2016-01-02). "No ano do lema 'Pátria Educadora', MEC perde R$ 10,5 bi, ou 10% do orçamento". Estadão. Retrieved 2023-12-18.
  10. ↑ "Fies vai voltar a atender cursos com mensalidade de até R$ 7 mil, anuncia MEC". G1. 2018-06-06. Retrieved 2023-11-14.
  11. ↑ "Cursos de medicina terão novo teto de financiamento no Fies". MEC. 2022-07-27. Retrieved 2023-11-14.
  12. ↑ Bischoff, Wesley (2012-06-14). "Ministério da Educação aumenta teto do Fies para curso de medicina". G1. Retrieved 2023-11-14.
  13. ↑ Máximo, Wellton (2023-06-01). "Fies financiará até R$ 60 mil por semestre de cursos de medicina". Agência Brasil. Retrieved 2023-11-14.
  14. ↑ Bermúdez, Ana (2017-07-06). "Novo Fies terá juro zero para 100 mil alunos por ano". UOL. Retrieved 2023-11-14.
  15. ↑ "FIES". MEC. Retrieved 2023-12-18.
  16. ↑ "Publicado resultado da pré-seleção do Fies para o segundo semestre de 2018". MEC. Retrieved 2023-12-18.
  17. ↑ "Resultado do Fies: Entenda tudo sobre Classificação e Pré-seleção". Descomplica. 2023-03-01. Retrieved 2023-12-19.
  18. ↑ Bertin, Carlos Eduardo. "Entenda o que é aditamento simplificado e aditamento não simplificado no Fies". Foco no ENEM. Retrieved 2023-12-18.
  19. 1 2 "Como funciona o financiamento no Fies". Descomplica. 2023-03-02. Retrieved 2023-12-19.
  20. ↑ "OPERACIONALIZAÇÃO FINANCEIRA DO NOVO FIES". ABMES. 2018-11-21. Retrieved 2023-12-19.
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