Renegotiating Fies: see your possibilities 

Renegotiating Fies is a good solution for those who have ended up struggling to pay their installments.

This is because defaulting on student loans can result in some losses.

But the good news is that it is not that difficult to regularize the situation, as there are several ways to do so.

And, if you're in this situation, be sure to check out the content, as we'll explain in detail how to resolve it.

So, to learn everything about Fies and resolve any doubts, continue reading!

What is Fies? 

Before we talk about the renegotiation itself, let's give a brief introduction to Fies.

This is because knowing the program is an important step in understanding the means for renegotiation.

Fies is a social program of the Federal Government that aims to encourage higher education.

This program provides student financing opportunities to low-income students, with interest rates well below those typically charged in the market.

Fies currently has three modalities, which differ according to the candidate's income.

Candidates for category I are those who have a family income of up to 3 minimum wages.

In this modality, financing is offered with zero interest, and the student only needs to start paying after completing the course.

Modality II includes students from the North, Northeast and Central-West regions with a family income of up to 5 minimum wages.

In this modality, interest is applied, and this varies according to the bank offering the financing.

And finally, modality III includes students with a family income of up to 5 minimum wages from other regions of Brazil.

The great advantage of Fies is the possibility of starting payments only after graduating.

At this time, the student has more opportunities in the job market, which allows them to pay for their studies with greater peace of mind.

So, we can say that Fies represents an excellent opportunity for those who want to change their lives through studies! 

Possibilities for renegotiating Fies 

As we have seen, Fies is a very interesting program, as it guarantees higher education opportunities for low-income people.

And the fact that you only need to pay after completing the course and have installments with zero interest or below market rates can be very helpful.

However, this is not enough to guarantee successful payment.

This is because a lot of things can happen, and as a result, the installments may end up being left aside.

In this case, it is necessary to talk about renegotiating Fies.

Renegotiation allows the debtor to settle their contract, allowing payment of outstanding installments.

Among the advantages of renegotiation, we can highlight the regularization of the name, and the reduction of interest for late payment.

Therefore, we will see below what possibilities are available to regularize Fies.

FIES Caixa: the right place to renegotiate Fies 

FIES Caixa is the ideal application for managing student financing.

This is because, through it, you have access to all your contract data.

Additionally, it is also possible to issue payment slips, as well as renegotiate old installments.

And best of all, you can do this very easily, without having to go to a bank branch.

Just access your app and go to the renegotiation tab.

Your outstanding installments will appear, and soon after, proposals for debt regularization will be presented.

You must choose the most advantageous proposal, and from there, simply honor the agreed payments.

It's that simple, and you can organize your student loan situation!

Caixa Econômica Federal Agency 

Renegotiating Fies through the app is a very interesting proposal.

This is because doing the procedure online is much more practical and allows you to choose better proposals.

However, it is not always possible to resolve the situation online, whether due to lack of access or other difficulties.

In this case, there is another way to regularize your situation, which is to go to a bank branch.

At the agency, the employee will be able to help you by showing you proposals to renegotiate your contract.

As this is a personal service, the proposal may be more personalized, considering your conditions and payment date possibilities.

So, if you prefer to rely on a good conversation to get better conditions, going to an agency is the best option! 

What are the disadvantages of owing Fies?

By now you already know how to renegotiate Fies, either online or in person.

However, it is not uncommon to hear some people say that it is not necessary to pay overdue Fies installments.

The reason for this belief is that payment is only made after the course is completed, so that default does not prevent completion.

However, the benefits end there, as a negative Fies contract can result in losses.

Among these losses, we can highlight the negative name, linked to the application of interest for late payments.

And if you think that this type of debt expires, you are very wrong.

The Fies debt is not extinguished after 5 years, so your name continues to be negatively impacted.

A negative name hinders several achievements throughout life, such as real estate financing and obtaining credit.

Therefore, regularizing Fies is the best option for those who prioritize a peaceful life free from pending issues! 

How to issue a duplicate invoice after renegotiating Fies 

After we've explained the main disadvantages of keeping your Fies contract in default, there's just one more item left.

After renegotiating your contract, you will need to pay the bills.

Therefore, it is important that you know how and where to find these payment slips.

As we said, Fies Caixas is the right app for any information or service related to student financing.

And this includes bills, which can be issued with great ease.

To get your bill, simply access the app and go to the installments section.

Click on the installment you wish to pay, and the invoice will be issued immediately.

However, if you don't have access to the app, you can also obtain the bill through the website or by visiting a bank branch.

So, now that you know everything about renegotiating Fies and obtaining payment slips, take advantage of the opportunity to pay off your debts and put an end to this headache!