Of the $100,000 left over, some $25,000 will go into a loan fund for students at the school.

The state plans to put up $1 million to start the loan fund.

ED will send the loan funds to the student's school.

Harvard's $12 million green loan fund had been the largest.

Any remaining loan funds must be used for the student's education expenses.

And borrowers should choose themselves how to use the loan funds.

Obviously, the loan fund will have to be many times more than $1 million to make an appreciable difference.

It consists of a $2.1 million loan fund and a program for training local residents who want to start businesses.

"Just having the loan fund there might eliminate the need to sell assets," he said.

They contributed $100 to a revolving loan fund that paid them $1,000 every 10 weeks.