if your still in state college you can prob. get an "alumni" rate and still hit the same gym (still costs $$$ though). many times the schools "check in" code machine takes months to catch up with with graduation so are still considered a current student until it does.
if your back home........
i wouldnt recommend a cut unless you were lifting wgts and reasonably heavy ones at that. bw exer are ok for the short run if your planning maint but it will do very little to preserve muscle mass over time. now if your seriously over your goal % (say 18+%) then a modest deficit and some type exer. for a short while, say 4-5 weeks probably wouldnt be too detrimental.
bottom line is it takes a lot of heavy lifting and serious eating to put muscle on. i wouldnt run the risk of undermining that effort by dieting but NOT lifting reasonably heavy at the same time. you will prob. lose wgt but a portion could be muscle b/c your not taxing it.
solutions,
many gyms let you join 6 months free. they usually get you later with a 1yr contract etc. etc. but if you something free now........
many gyms have no initiation fee, just $$ per month which shouldnt be too steep for 1 month at a time.
people are always selling/giving away home gym free wgts, bars etc b/c they dont use them anymore. a couple bucks for a bar and some wgt should hold you for a few months. find a place to dip and chin and youll have the wgts for presses, curls maybe even enough for squat and deads. just enough work and wgt to keep the muscles working while you cut down.
go caveman type w/o like gator sugg. it involves a lot more thinking(more then going to the gym/garage and just lifting like youve doen a thousand times before) to come up with exer., wgts, places etc. but if that type of training interests you it would be great break from the gym and almost limitless in options.
good luck