FUND SUEÑOS (Dream Fund)
A cutting-edge philanthropic initiative
Fund Sueños provides access to higher education financing for undocumented students and others not eligible to receive federal financial aid. The program is designed to help eliminate the up-front cost of tuition for students who often struggle to finance post-secondary education. This includes those eligible for the Deferred Action for Childhood Arrivals (DACA) program, also known as DREAMers.
“DREAMers deserve the opportunity to pursue an education,” said John Hickenlooper, former Governor of Colorado. “These students need champions like the leaders at Colorado Mountain College and its donors who continue to stitch a safety net in the absence of comprehensive immigration reform.”
Fund Sueños will enable students to pay for college through donor funded income-share agreements, or ISAs, in which students pay no up-front tuition in exchange for a fixed percentage of their income after graduation over a set period of time.
A body of research suggests that traditional student loan debt can suppress college-going aspirations among first-generation students and those from historically underrepresented groups. College affordability presents an especially acute challenge for DREAMers, who are authorized to work in the United States but are ineligible to access federal grants or loans because of their undocumented status.
“Our educational and social mission extends to all Coloradans,” said Dr. Carrie Hauser, president of Colorado Mountain College. “Fund Sueños is designed to break down persistent financial barriers for DREAMers and other students to ensure we are inclusive and accessible to everyone, modeling the democratic promise of higher education.”
Links to supporting documents:
- CMC Fund Sueños Fact Sheet
- CMC Fund Sueños Statements of Support
- CMC Fund Sueños Press Release
- CMC Fund Sueños Press Release Español