California Dream Loan

The 2021-2022 CA Dream Loan is currently unavailable.

The California Dream Loan is a subsidized loan program for undergraduate students with a valid California Dream Act Application and CA residency or AB 540/AB 2000/SB 68 eligibility.

The California Dream Loan is borrowed money you must repay with interest. The interest rate for 2020-21 is 2.75% fixed.

A subsidized loan does NOT accrue interest while you are enrolled in college at least half-time and during periods of approved deferment. Deferments are an agreement between the lender and the student to postpone payments for an approved period of time. You will be responsible for the interest charged at all other times.

Repayment of your loan begins 6 months after you graduate or drop below half-time. California Dream Loans are set-up to be repaid in monthly installments over a 10-year period and have a minimum payment of $50 a month. You can pay off your loan earlier without penalty.

Step One: Awarding Of The Loan

Before every academic year, our office will determine every qualified Dream student's elibility based on these factors:

  • CA Dream Application date - Must have successfully submitted one before the March 2nd priority deadline
  • Graduation date
  • On-campus housing fees
  • Miscellaneous reasons as decided by the AB540 Dream Counselor

NOTE: Funding for the California Dream Loan is limited each academic year. You will be notified directly if you are selected and awarded the Loan for the current school year.

Step Two: Accepting Your CA Dream Loan

After you have been notified of the Loan approval, you must log into your SF State Gateway. Once in your Gateway, choose the option to Accept/Decline Awards under the Finances Section. Select the correct aid year and accept your Loan offer.

NOTE: If you would like to accept a reduced amount from what you were offered, you can enter in the reduced amount manually.  Please keep in mind that the accepted amount will always be split in halves - Half for Fall & half for Spring.

Step Three: Completing your Dream Loan Requirement

Once you accept your loan, you must wait to complete the Dream Loan Requirement. This requirement will show up on your To Do List right away and be available to complete 7-10 business days after you accept your loan.  Failure to complete this requirement in a timely fashion may result in cancellation of your loan.

Once the Dream Loan Requirement is available, you will receive an email from Heartland/ECSI regarding your next steps. After you successfully complete your Dream Loan Requirement, it will drop off your To Do List.

NOTE: When asked for your Social Security Number (SSN), please provide your SFSU ID# instead. The Dream Loan Requirement will not use a SSN.



Office of Student Financial Aid
(415) 338-7000


One Stop Center
Student Services Building
1600 Holloway Avenue
San Francisco, CA 94132