Due to unfortunate circumstances, January and February have been extremely expensive months. Within the next month I will have exhausted the minimal savings buffer I had coming in. I have also already received my loan money for the semester and am well past the date for increasing this amount.

I do have a couple grants/stipends lined up for summer work, but in the meantime I looking at having no money to get me through April and May (and possibly second half of march even).

Jobs are "not allowed" for first years at my school. Though if they were, I'm not sure where I could find significant enough time to make any money.

Has anyone been in this position? I'm looking for various options. My obvious choices would be rack up a bunch of credit card debt (not sure if I would even have enough credit to live of for 3 months), try and find part time work, sell off valuables or undesirable loans.

I'm just curious if there are any options I'm missing. I know the school has an emergency short term loan but its not much. Any advice would be much appreciated.

There are no easy answers. One possible solution you did not mention is to drop out of school for the semester. You may have already paid your tuition, so this might not be an option. But, it's possible that your school would let you withdraw for the semester and then enroll again next year, without charging you tuition twice. This would allow you to get a job and work.

Credit cards are usually bad news. You'll end up with tons of interest, it builds quickly and then you can't pay it off at all.

Loans from family if possible, although there are plenty of stories of problems.

Some schools may have emrgency funds for students to tap into. It can't hurt to ask at yours.

There are no easy answers. One possible solution you did not mention is to drop out of school for the semester. You may have already paid your tuition, so this might not be an option. But, it's possible that your school would let you withdraw for the semester and then enroll again next year, without charging you tuition twice. This would allow you to get a job and work.

Credit cards are usually bad news. You'll end up with tons of interest, it builds quickly and then you can't pay it off at all.

Loans from family if possible, although there are plenty of stories of problems.

"My obvious choices would be rack up a bunch of credit card debt (not sure if I would even have enough credit to live of for 3 months), try and find part time work, sell off valuables or undesirable loans."
You may need to do a combination of these, but before accumulating credit card bills that you may eventually default on, discuss with your school's financial aid person what effect a credit card default would have on loans for future school years.

Some banks may also offer a manageable interest loan if you have a co-signer. But seriously examine your cost of living. I've been in the situation of racking up the credit card debt, and it can take some time to pay it off, especially if it's going to stick around for 7-8 more years, as in your case.