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Business and academic leaders and philanthropists on Tuesday unveiled TheDream.US, a program to provide scholarships to undocumented immigrants who qualify for the Obama administration's deferred action initiative. The new program awarded an initial 39 scholarships to recipients, who must have financial need and meet academic requirements both prior to and after receiving the grants and have financial need. Undocumented immigrants are ineligible to receive federal financial aid and are barred from many state programs as well.

A dozen colleges and universities have signed on to the program at its start. They are Borough of Manhattan Community College, Bronx Community College and Kingsborough Community College in New York, part of the City University of New York; California State University at Long Beach, El Paso Community College, Long Beach City College, Miami Dade College, Mount Washington College, South Texas College, Trinity Washington University, and the University of Texas-Pan American and University of Texas at El Paso.