Did you guys just add two new categories ?
From my POV, it depends on the cabinet and on how lazy/motivated you are.
Rolled vinyl adhensive, like Happ offers:

is nice (I use it for CPs), but you need to clean the underlying surface up pretty decently first.
Same deal with paint and a slightly lesser deal with laminates/formica (although there you need a router to cut things).
BUT, since you are a student trying to save money, presumably without many tools, the obvious answer for what you
should choose is
paint.