DACA is an immigration program started under the Obama administration that stands for Deferred Action for Childhood Arrivals. DACA recipients would normally be undocumented immigrants in the United States, but under this program, they receive work authorization and temporary protection from deportation. The program protects over 700,000 young adults from deportation because they were brought to this country at such a young age and did not make the decision to immigrate themselves.
To be considered eligible for the DACA program: 1) you must have arrived in the United States before the age of 16, 2) you must have lived in the United States since 2007, and 3) you must have been under the age of 30 when it was enacted in 2012 (Source). These young people have grown up as Americans, often only speak English, and have limited connection with their birth country or no memories of it. Many DACA recipients did not know they were undocumented until they were teenagers, and tried to get drivers licenses or apply to college like their peers. Those eligible for DACA must reapply every two years for renewal and pay a fee of $495.
DACA students are not eligible for federal aid for school, but many states and some private lenders offer options for these students. California, Connecticut, Hawaii, Maryland, Minnesota, New Jersey, New Mexico, New York, Oregon, Texas, and Washington all offer state financial aid to DACA students. Many public universities also offer in-state tuition benefits to DACA students who can prove residence and have graduated from a high school in that state.
MPOWER now offers reduced interest rates on our no-cosigner loans for DACA students!
All MPOWER Scholarships are open to DACA students
MPOWER will never share any information about your DACA status with outside parties
*Rates as low as 9.99% (10.89% APR) available only for the fall 2025 semester and you must submit your application by December 31, 2024. This interest rate and APR includes a 0.25% discount for automatic recurring payments and a 0.75% discount from our limited-time early planner promotion.
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