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$1,000,000 FUND ANNOUNCED TO HELP DREAMERS
RENEW DACA BY OCTOBER 5
San Francisco, CA – September 13, 2017 – Mission Asset Fund (MAF) today announced it will provide $1,000,000 in scholarships to 2,000+ Dreamers to pay for DACA renewals by the October 5 deadline.
Last week, the Trump administration announced that the Deferred Action for Childhood Arrivals (DACA) Program is ending. DACA has provided security, safety, and a livelihood for 800,000 young people commonly known as “Dreamers.” Of the 154,000 Dreamers eligible to renew their DACA permits before the program ends in six months, most will be able to cover the application costs themselves. For those Dreamers who are eligible for renewal but can’t afford the $495 application fee, MAF is stepping in with a solution now available nationwide: scholarships to help Dreamers renew their DACA status (LC4DACA.org).
Between now and the October 5 deadline, MAF will provide 2,000 Dreamers with scholarships of $495 to renew their DACA permit. Capital to finance these scholarships come from the DACA Renewal Fund, launched this week with growing support from the philanthropic community.
“We were shocked and horrified to learn that President Trump ended DACA,” says José Quiñonez, MAF’s CEO and 2016 MacArthur “Genius” Fellow. He added, “We sprang into action once we saw a small window of opportunity to help thousands of Dreamers to renew their protective status. The time to help these young people is now.”
DACA recipients with a permit expiring between now and March 5 across the nation are eligible to receive the scholarships. $500,000 of the fund is being specifically targeted to California students attending community colleges, at California State Universities, and the University of California. As time is of the essence, this online scholarship will be processed within a day, with same-day checks available in San Francisco and by overnight mail in other parts of the country.
MAF has a long history of working with Dreamers and has helped hundreds to pay for DACA application fees using a 0% interest loan. This initiative—offering scholarships within 24-48 hours to Dreamers—builds on this track record of success. DACA recipients with expiring permits are encouraged to visit LC4DACA.org and apply immediately.
Philanthropic supporters of this fund include: the Weingart Foundation, The James Irvine Foundation, The Chavez Family Foundation, and San Francisco Foundation.
Mission Asset Fund (MAF) is a 501c3 nonprofit on a mission to build a fair financial marketplace for all. Over 7,000 people across the country have used MAF’s award-winning financial services programs to increase credit scores, pay down debt, and save for important goals like becoming a homeowner, a student, or a U.S. citizen. MAF currently manages a national network of over 50 Lending Circles providers in 17 states and Washington, D.C.