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… 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 … 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 … the college Business Office. Disbursement Adjustments Disbursements will be adjusted if enrollment is less than full-time. Supplemental disbursements occur throughout the academic year. If your enrollment status has increased and you are due …