Students who receive the Dream Award have completed at least their first year of their college education, have a significant financial need, and have overcome obstacles through sheer determination. Applicants must be U.S. citizens, U.S. permanent residents (holders of a Permanent Resident card), or individuals granted deferred action status under the Deferred Action for Childhood Arrivals program (DACA). It is also required for the applicant to be studying to obtain an associates or first bachelors degree.