Yeah, but, the OP says they are about to attend a different college, implying that his or her previous college has already closed its books. Furthermore, they are implying that no money is owed, that there are no outstanding bills. This does not appear to have been a loan. For whatever reason, what they are calling, “FA money” never got spent on College #1. The question is, why wouldn’t that money - whatever its source - now be available as a family asset?