… 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 student account to pay for your direct educational cost. … 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 Students who are new to LACCD will receive information by mail and e-mail …