Donald Graham said the "TheDream.US" fund already has raised about $25 million.
In order to qualify for this scholarship students must be participating in the "deferred action" program announced by President Barack Obama in 2012 that allows immigrants brought into the United States without legal permission as children to obtain temporary resident status for two years.
The children, referred to as “Dreamers” will benefit from the program which is supported by the Bill and Melinda Gates Foundation, actor and director Diego Luno, former Florida Gov. Jeb Bush and Grover Norquist, president of Americans for Tax Reform.
Why was this scholarship setup?
The The AP notes that,
An estimated 65,000 students graduate from American high school each year without legal status. They don't qualify for federal financial aid or many other scholarship programs, and without financial assistance, their opportunities to go to college are limited. A majority of states don't afford them in-state tuition, although a growing number of states are extending the opportunity. Under the scholarship program, about 2,000 students are expected over the next decade to have their tuition, fees and books paid for with the scholarship funds.