… 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 student account to pay for your direct educational cost. Once your direct educational cost … 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 Refund Preference refund preference with BankMobile. All others will receive their refunds by paper check delivered to the mailing address on file with …