The California Dream Loan is a loan program that provides undocumented AB 540 undergraduate students with the option to borrow loans to pay for the cost of attending UCSD. The Dream Loan has an interest rate of 2.75% for the 2020 to 2021 school year starting in July 2020. Students are awarded $2000 per year up to 20,000 dollars total. It is a subsidized loan which means no interest accrues while the student is enrolled at least half-time in an institution. You will start repayment 6 months after your full-time or half-time enrollment ends. To borrow the California Dream Loan: 

1. File your California Dream Act Application and provide any requested documents before the deadlines.
2. UC San Diego determines who is offered a California Dream Loan which is displayed and can be accepted in the “Selection” column within the Manage Awards drawer of the Financial Aid and Scholarships Student Portal.
3. If accepted, additional requirements pertaining to this type of loan are handled directly between the borrower and Heartland ECSI.
4. Once all the requirements have been completed the turnaround time for Heartland ECSI to notify UC San Diego is approximately 3 to 5 business days.
5. Loan funds will be credited to your UC San Diego student account.