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… (UC) … Disbursements & Refunds  … 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 disburses federal and state aid (Pell, … receive their refunds by paper check delivered to the mailing address on file with Admissions & Records. It is critical that all students update the mailing address on file with the Admissions & Records Office to ensure receipt of their BankMobile Refund Selection notification (look for a green envelope). If you have not received your BankMobile Refund Selection notification, please contact the college …