If they offered you a debit card style credit, sell it. You should be able to recoup at least 70-75% of the face value.
Have $3000...what would you buy?
I have $3,000 credit at my local "music" (NOT HIFI) store which store sells all Apple products, Benchmark DACs, active speakers and headphones. I really don't need anything at this point. Which of the above-listed products are the most attractive to you? My idea is to offer new/unused product, at a fair discount, to the Agon student-body.