SAO PAULO Feb 6 Brazil's Education Ministry has
vowed to cut subsidies to a federal student loan program known
as Fies as the government seeks to make it fiscally sustainable
over the long run.
The government will reduce the ceiling for Fies loans to
30,000 reais ($9,635) per student per semester, down from 42,000
reais, Education Minister José Mendonça Bezerra Filho said in a
statement with Mansueto de Almeida Junior, economics affairs
secretary at the Finance Ministry. Other measures to reform the
Fies program will be announced by end-March, the officials said.
($1 = 3.1137 reais)
(Reporting by Cesar Raizer; Writing by Ana Mano; Editing by