… … College ID source_2 Content Financial Aid - Disbursements & Refunds (UC) 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 … Once your direct educational cost are paid, the financial aid department “refunds” the credit balance to you. Disbursement dates and deadlines are determined by Federal, State, District and/or institutional regulations and policies. Refunds … decreases. Disbursement for late-starting classes cannot be issued until the class begins. After the second disbursement date of each semester, no further award adjustments can be made based on late enrollment. Exception: Students must complete …