… Financial Aid Disbursements & Refunds … Financial Aid Disbursements & Refunds … College ID source_2 Content Financial Aid - Disbursements & Refunds (UC) … 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 …