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So, is it feasible to renegotiate FIES debts through Desenrola Brasil? With the recently launched program, it is understandable that questions like this arise.
In fact, the initiative aims to address a wide range of debts.
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Desenrola is an innovative initiative led by the Lula government, aimed at supporting Brazilians in renegotiating their debts and recovering their credit.
To answer this crucial question, it is necessary to understand some of the program’s features, such as its guidelines, target audience, renegotiation stages, and more.
Therefore, we have organized this text to clarify whether it is possible to renegotiate FIES debts through Desenrola Brasil and answer other related questions.
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How does Desenrola Brasil work?
Desenrola Brasil is an emergency initiative by the federal government to address the country’s current economic situation, in which delinquency has reached alarming levels.
This situation affects the Brazilian economy as a whole, since these delinquent borrowers cannot obtain credit, bringing the financial market to a standstill.
The program established “Income Brackets” and steps to be followed to better serve these profiles.
The program currently includes people in “Bracket 2”, with an income between two minimum wages and R$ 20 thousand. There is also a “cleanup” of the names of citizens with debts of up to R$ 100 at participating banks.
For this group, it is vital that they contact the responsible bank. Financial institutions will directly offer these customers the option to renegotiate their debts through their customer service channels.
In the case of “Bracket 1”, which should begin in September, people in greater social vulnerability may participate. This group includes individuals with a monthly income of up to twice the minimum wage (R$ 2,640) or registered with CadÚnico.
These individuals will need to have a silver- or gold-level Gov.br account to access Desenrola’s official platform. On this platform, all debts will be centralized to facilitate the renegotiation process.
Is it possible to renegotiate FIES debts through Desenrola Brasil?
Several students and former students who have accumulated debt through student financing see the program as a chance to reorganize their finances and clear their names.
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However, the direct answer is that it is not possible to renegotiate FIES debts through Desenrola Brasil.
This is because the program, although aimed at individuals, only covers debts that are not linked to government programs or public policies.
Thus, FIES, a government initiative to finance higher education by offering loans so that students can pay for their studies, does not fall within the program's guidelines.
Read also: Desenrola Brasil: Total Debts Renegotiated by Banco do Brasil So Far
A notable feature of FIES is that beneficiaries begin repaying the loan after completing their undergraduate degree, allowing students to graduate and enter the job market before starting to pay the installments.
“Desenrola aims to promote the renegotiation of debts that have fewer guarantees or incentives, as they face greater negotiation difficulties. A note on the Ministry of Finance website states that it is not intended for renegotiating policies that already receive public funding, such as Fies.
In summary, Desenrola Brasil does not allow the renegotiation of FIES debts due to their specific characteristics, which require different treatment within the context of student financing policies.
Therefore, students who are in default on payments of the financed installments must follow the rules established by the program itself to regularize their financial obligations.
