… Content Financial Aid - Disbursements & Refunds (UC) … Disbursements & Refunds … Disbursements are financial aid funds applied to your student account. Disbursement is a technical term used by the financial aid department. The financial aid department disburses federal and state aid (Pell, Sub, Unsub, PLUS, Cal Grants, etc.) to your … more information, visit BankMobile Refund Choices BankMobile Refund Choices . AB540 Students AB540 students who currently have an open bank account or are eligible to open an account will receive their funds electronically via their selected AB540 …