I was reading news comment and some were saying "I feel sorry for those who are too young(below 12) to benefit from Dream Act". Errors in "Do I qualify" FAQ in this site doesn't help either.

There is no such thing as an age too young to benefit from the current version of Dream Act. Everyone under the age of 18 who entered the US before September 2005, has not left the US for more than 90 days at a time/180 days in total since September 2005, and his/her 16th birthday would qualify. They have to wait until their 18th birthday to file for conditional residency, but minors under the age of 18 cannot be deported and cannot be denied a public K12 education so they are safe until their 18th birthday.

So here is how things look for people depending on age bracket.

0~17 : Must wait until they turn 18 to file for conditional residency. Cannot be deported until 18.

18~34 : Can immediately file for conditional residency, but must have a US high school degree or GED. Must obtain an associate degree or better within 6 years, or serve in the military.

35+ : Can immediate file for conditional residency, if they had an associate degree or better before the day Obama signs Dream Act into law.

Hope this clears up.