California DREAM Loan

The California DREAM Loan provides eligible undocumented AB540 undergraduates with the option to borrow loans to assist in covering their cost of attendance.

Candidates:

Available to undergraduate DREAM Act students with financial need.

Loan Maximum:

Eligible students may borrow up to $4,000 per year. Students may borrow a total of $20,000 from any one institution during their undergraduate studies.

Required for Eligibility:

  • CAL ISIR submitted by March 2
  • Must be meeting SAP
  • Current enrollment of at least 6 units
  • Contact Melissa Waite, mwaite@csufresno.edu, to accept an offered DREAM loan.

Interest Rate

The California DREAM Loan has a 4.29% interest rate. Interest rate will change each year to correspond to the Federal Direct Subsidized Interest Rate

Repayment Information:

Students do no accrue interest while in school, grace period, or deferment. Students receive a 6 month grace period after dropping below half time enrollment.

Presently, only one repayment plan is available. The minimum payment is $50.