Set up online bill pay. While you are waiting to receive your financial aid reimbursement check, setting up online bill pay could allow you to pay your bills quickly. You can set up online bill pay directly in your bank account or with individual creditors who have the requisite online interfaces.
Contact your creditors. If you have past due bills, contact your creditors and negotiate a grace period. If you need to pay rent with your financial aid, depending on where you live, and especially in some college towns, you could negotiate with your landlord to pay part or all of your rent for the semester when you receive your funds.
Deposit the student loan reimbursement check into your bank account. You can also arrange to have your student loan reimbursement funds disbursed to you by direct deposit if your college offers such a service. Some colleges provide students with reimbursement checks right away, while others wait until after the add-drop period.
Pay your bills. As soon as student loan funds become available in your checking account, pay your bills immediately. Contact creditors who have given you grace periods and arrange to wire past due funds to remain in good standing.