Undergraduates may receive all three types of financial aid. Developing a budget and sticking to it will allow you to live within your means and avoid financial crises. A budget will help you develop a realistic understanding of all your financial obligations and how they relate to your income. In formulating a budget, you should consider the choices you've made regarding rent or mortgage payments, car payments, living expenses, and your student loan debt. Keep in mind that your fall semester aid and other resources must last you until the beginning of Spring semester.
Credit is relatively easy to secure nowadays.
If you haven't already, you will probably receive offers from banks or department stores for a credit card. Consider carefully before accepting. The card issuer assumes you will pay the loan off with future earnings, but preferably not all at once. The best way not to become caught up in an endless credit cycle is not to accept a credit card. The next best way is not to carry the card around with you.