Have you heard about Fies? If you're planning to enter higher education, this could be the solution to financing your studies. O Fiescreated by the federal government in 2004, has helped thousands of students pay their tuition fees at private colleges. The program has undergone changes, but it's still a great option. Let's explore how it works and how you can benefit.
What is Fies?
Essentially, Fies is a program run by the Ministry of Education (MEC) that grants student financing for low-income university students. Basically, the government pays your tuition fees in full or in part, and you only start paying back the debt after you graduate. This is especially useful for people who can't afford to go to college directly.
To apply for the program, you must have participated in any edition of Enem from 2010 onwards, with a minimum average of 450 points in the tests and a score above zero in the essay. In addition, your per capita family income must be up to three minimum wages.
When does Fies take place?
Fies selection takes place twice a year, at the beginning of each academic semester. In the first semester, applications usually open at the beginning of February, and in the second semester they start in July, after the Prouni results have been announced. It's important to pay attention to the deadlines, which are short, lasting around four days.
Who can and cannot apply for Fies?
In order to take part, in addition to the Enem performance and income criteria, you cannot be enrolled on a closed course, be the beneficiary of a full ProUni scholarship or be in default with the Educational Credit Program (PCE/CREDUC). It is also not allowed to be enrolled on a course other than that of the Fies application.
How to register for Fies?
The application process is all done online through the FIES Computerized System (SisFIES). I'll show you step by step:
Registration in the Fies System
The first time you access the system, you will need to enter some details such as your CPF, date of birth and e-mail address, as well as create a password to access the system on future occasions. A verification e-mail will be sent to confirm your registration.
Enrolling in Fies
After the initial registration, you will have to fill in your personal information, the details of the course and the institution you are applying to. If you are pre-selected, the next step is to access SisFIES again to enter your financing details.
Verification of information
After submitting the data via the system, you will need to go to your institution's Permanent Supervision and Monitoring Commission (CPSA) within the stipulated timeframe and present the documents required to verify the information.
Financing Contract
After verification, it's time to sign the financing contract. You and your guarantors need to go to a FIES financing agency, which can be Banco do Brasil or Caixa Econômica Federal, within the period stipulated by the program.
How do Fies payments work?
During the course, you will pay quarterly installments that cover the interest on the loan. After graduation, there is a grace period, which gives you time to start stabilizing yourself in the job market. After this period, the debt is amortized and can be divided into monthly installments over several years.
Conclusion
If you fit the Fies and need financial help to pay for college, the program can be an excellent option. As you've seen, the registration process is quite detailed, but it all pays off to ensure a promising future. Keep an eye on the deadlines and requirements, and good luck on your academic journey!
Frequently Asked Questions
Can I use Fies for distance learning courses?
No, Fies is only for face-to-face courses at private educational institutions.
How many guarantors are needed for Fies?
The program requires at least one guarantor, but some institutions may ask for two. Alternatively, it is possible to use the Educational Credit Operations Guarantee Fund (FGEDUC) as a guarantee.
Is there an age limit for applying to Fies?
No, there is no age limit to participate in Fies.
Is it possible to renegotiate Fies debt?
Yes, there are debt renegotiation programs for students who have financial issues with Fies.
What happens if I drop out of a Fies-funded course?
If you drop out of the course, you must notify SisFIES immediately and start paying the installments of the financing debt.
Can I transfer my Fies funding to another institution?
Yes, it is possible to transfer courses or institutions, as long as the new institution accepts Fies funding and you meet the required criteria.
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