"Unused funds" refers to money that has been allotted or set aside for a particular purpose but has not been used or spent yet. It typically implies that the funds have not been utilized or accessed for their intended use. Full definition
Parents can also save unused funds from year to year and roll the funds into a college savings account. (educationnext.org)
Depending on the phase of your loan, remaining unused funds in escrow may ultimately result in a reduction in loan principal rather than as cash back to the borrower in some form. (fha.com)
In addition to being able to direct ESA funds to multiple providers and products, parents can save unused funds from year to year and roll the funds into a college savings account. (nationalaffairs.com)