No-Interest Loan For Deferred Action


It sounds like a dream come true.  And in a way it is. Thanks to an anonymous donor the NYC DREAMer Loan Fund can help you pay the $465 fee for the Deferred Action for Childhood Arrivals Program (DACA).

The fund is administered through the New Economy Project, formerly the Neighborhood Economic Development Advocacy Project (NEDAP), which is working with community groups.

The community groups will provide free screening assistance and help you fill out the application. Once that’s done, they’ll send you to  NEDAP, which will connect you with either the Brooklyn Cooperative Federal Credit Union (BrooklynCoop), or the Lower East Side People’s Federal Credit Union. The credit union will actually make the loan and you’ll have to repay it on a monthly basis for a year.

Watch the video to get all of the details.

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Barbara Nevins Taylor

As the winner of 22 Emmy Awards and a slew of journalism honors and awards, I created ConsumerMojo.com to give you the straight story about complicated stuff. Tell us what you want to know and we'll get you the answers.