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House approves proposal to reverse the debt private colleges in scholarships

06/13/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.


 




BRASILIA - In an interim measure approved late on Tuesday by the full House included a proposal for a renegotiation of tax debts of private higher education institutions, projections indicate that the debt could reach R$ 17 billion. Under the proposal, the institutions in financial crisis can exchange most of this debt-free scholarships, similar to the University for All Program (ProUni).

According to the rapporteur, the measure will ensure the provision of scholarships to 500,000 students in public schools or in need over the next 15 years. According to the text, the universities will have one year grace period to restructure and will have to pay 10% of liabilities in cash, in 15 years, and 90% of liabilities in scholarships. The text also provides for a reduction of interest: 40% for private non-profit and 60% for-profit. To be eligible for trading, the institution must be entered in Student Financing Program (FIES) and not having a foreign partner.




Source: Online Extra

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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