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.


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,, to accept an offered DREAM loan.

Interest Rate

The California DREAM Loan has a 4.45% 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.