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The FIES Desenrola program, an initiative of the federal government, has reached an impressive milestone, surpassing 164,000 beneficiaries. Thus, launched just two months ago, the program aims to renegotiate student debt, providing significant financial relief for students.
With discounts of up to 99%, the program has already returned more than R$338 million to public coffers, renegotiating more than R$7.6 billion in debt. Therefore, these figures highlight the success and importance of FIES Desenrola in supporting education and managing student debt in Brazil.
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Impact and reach of the Desenrola Brasil program
The state of São Paulo stood out in the number of renegotiations, with more than 30,000 contracts and R$1.1 billion in student debt renegotiated. Thus, the renegotiation of FIES aims to assist 1.2 million Brazilians facing financial difficulties due to debts with the Fund.
The initiative promotes equity in access to higher education and financial burden relief for many students and former students. Therefore, the Secretariat of Social Communication highlighted the importance of the program in an official statement, emphasizing its role in promoting educational equity.
Renegotiation facilities and terms
In addition to the discounts offered, the program allows customers to pay off their debts in installments of up to 60 months, with no down payment, facilitating consumers' financial restructuring. The main conditions for renegotiating FIES include a 12% discount for paying the outstanding balance in full for debts overdue by 0 to 90 days, and options for rescheduling installments for debts overdue by more than 90 days. These measures are essential to help students start 2024 with better financial planning and continued access to education.
