North Carolina Credit Union Offers “Dreamer Loan” to Alleviate $465 Deferred Action Fee?

The Latino Community Credit Union of North Carolina has created a “Dreamer Loan” to keep students who qualify for Deferred Action from being left out because they don’t have the money to pay the $465 application fee.

The LCCU has started informing its 54,000 members about the new finance program for young undocumented immigrants eligible for Deferred Action, a program aimed at delaying deportation of the kind of people who would benefit from the long-stalled DREAM Act.

“Dreamers” under 18 can apply for loans with the aid of their parents.

Some 50,000 young people in North Carolina could apply for Deferred Action, according to Immigration Policy Center estimates.

“Nobody should be left out because of money problems,” Luis Pastor, director general of the LCCU, told Efe. “The funds we have here belong to the community and will be invested so our young people can achieve their education dreams.”