Scholarship for dreamers aims to fund college degrees

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Arlete Pichardo, 22, from Coachella, CA, has been in the U.S. since arriving from Mexico with her family when she was 4 years old. On June 15, 2012, she graduated from UCLA as a double major in History and Ethnic Studies, with a minor in Education.

A new scholarship is designed to help 1,000 young undocumented students complete a college degree.

A new scholarship program launched this week aims to fund the college education for dreamers. It's designed to help 1,000 young, undocumented students complete a college degree, with the goal of doubling that number in the future.

The money, some $25 million, comes from donors including Donald Graham. He was CEO of the Washington Post. Founders also include Henry Muñoz and Carlos Gutierrez.

For more, we're joined by Gabby Pacheco, she's the program director for the fund, called TheDream.US.

To view the complete guidelines of the scholarship fund: http://thedream.us/scholars/scholarship-guidelines.