University Centers - University centers are public or private educational institutions that offer a variety of higher education courses, continuing education at the university level, lato sensu and stricto sensu graduate courses and must offer education and training opportunities to their professors and specific working conditions for the academic community. At least one-third of the faculty at a university center must hold Master‘s degrees and Ph.Ds. In addition, at least one-fifth of the faculty must be composed of full-time teachers. University centers have autonomy to create, organize and terminate higher education courses and programs (except for courses in medicine, law, psychology and dentistry, due to legal and regulatory restrictions), as well as reallocate or expand open positions in their existing courses in the municipality where they are headquartered, without prior approval from the MEC. University centers may not create units outside of the municipality where their headquarters are located.

Company or Anima - GAEC Educao S.A.

Continuing Education Course - These are short-term courses, whose class time varies from 8 to 180 hours, and whose availability and execution require prior authorization from the MEC.

Lato Sensu Graduate Course - These are courses with at least 360 hours of class time in graduate-level specialization, with an average completion period of 12 months.

Stricto Sensu Graduate Course - These are courses offered at the Master’s and Ph.D. levels that require prior authorization from the Coordenao de Aperfeioamento de Pessoal de Nvel Superior (CAPES) in order to be offered.. They have an average completion time of 24 months.

Distance Learning - Distance Learning is a type of education provided to Higher Education students through remote learning tools such as the Internet, printed books and e-books.

Higher Education - Higher Education is comprised of the following courses and levels: (i) sequential courses, aimed at acquiring or updating technical, professional, academic or intellectual development qualifications, in the sciences, humanities and arts areas; (ii) associate programs, structured to meet the needs of all economic sectors, teaching professional training, comprising specialized areas and leading to the acquisition of an associate degree; (iii) undergraduate courses, for professional development and training in several areas, in the classroom-based, mixed or remote teaching modes; (iv) graduate courses or programs, open to candidates holding undergraduate degrees who meet the requirements of the educational institutions, consisting of lato sensu graduate courses (specialization and professionalization Master’s degrees) and stricto sensu graduate courses (academic Master’s or Ph.D. degrees); and (v) continuing education courses, consisting of an articulated set of pedagogic actions, of a theoretical and/or practical nature, offered on a classroom-based or remote basis, planned and organized in a systematic way.

Colleges - Institutions of higher education aimed at offering courses that culminate in a Bachelor’s degree, Associate degree and lato sensu graduate degrees, without the prerogatives of universities with respect to the autonomy to open courses, issue diplomas and hire faculty.

FIES - Higher Education Student Financing. According to the MEC, the FIES is a program for financing the higher education of students enrolled in institutions that are not free. Eligibility is extended to students enrolled in higher education courses that have positive evaluations from the processes carried out by the Ministry of Education. The FIES was created in 1999. Beginning in 2011, the FIES began to function under a new format, where the FNDE became the new Operating Agent for the Program and the interest rate was reduced to 3.4% per annum. In addition, the financing can be requested at any time of year.

FINEP - The Federal Government’s Funding Authority for Studies and Projects.

FNDE - National Education Development Fund

Associate Degree - Undergraduate course with an average duration of two and a half years. Training focused on a specific area and the development of skills aimed at rapid insertion in the labor market. It grants a college degree and allows for the continuation of studies at the graduate level.

Traditional Undergraduate Course - Undergraduate course with an average duration of four years that aims to provide an academic education for the exercise of a profession. It grants a degree and allows for continued studies at the graduate level.

Undergraduate Course - Associate or Traditional Course, when referred to jointly.

Anima Group - The Group is comprised of the following companies: Anima, Brasil, HSM Editora, HSM Educao, HSM Marcas, Una, UniBH and Unimonte.

INEP - Ansio Teixeira National Institute of Educational Studies and Research.

Law of Guidelines and Bases (LDB) - Law no. 9,394, of December 20, 1996, as amended, known as the law of educational guidelines and bases in Brazil.

MEC - Ministry of Education.

MGE or Una - Minas Gerais Educao S.A.

Distance Learning Center - Locations authorized by the MEC to carry out the classroom activities of courses operating under the Distance Education framework.

PROUNI - University for All Program

UniBH - Instituto Mineiro de Educao e Cultura Uni-BH S.A.

Units - Establishments of each educational institution.

Unimonte - Instituto de Educao e Cultura Unimonte S.A.

Universities - Multidisciplinary institutions for providing professional training in higher education, research and continuing education, as well as the cultivation of human knowledge, which are characterized by (i) intellectual output that is institutionalized through the systematic study of the most relevant issues and problems, both scientifically and culturally, at the regional and national levels; (ii) one third of the faculty must possess Master’s or Ph.D. degrees; (iii) one third of the faculty must work full-time.

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