November 4, 2016 / 2:07 PM / 2 years ago

Brazil's Ser sees potential drop in students financed by Fies loans

SAO PAULO, Nov 4 (Reuters) - Ser Educacional SA, Brazil’s third largest listed education firm, said the ratio of students financed through a government loan program known as Fies could drop to 35 percent next year.

Speaking on a conference call to discuss third quarter results, Chief Financial Officer Joao Aguiar said Fies-related enrollment could be affected by changes in the rules of the program. Currently Fies students represent 45.5 percent of Ser’s total base of students, according to a securities filing on Friday.

Reporting by Ana Mano

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below