So my dad and I switched cars for a bit, and now I'm back with the Grand Prix. The low oil pressure light is appearing at idle/low RPM after being driven for about 20 minutes. It appears at stop signs, while coasting slowly, or just sitting idle. He says this has been happening since October (!!) Probably about 10k miles since then. There are no codes, no SES light, and the car seems to run and drive just fine. No hesitation, stalling, noise, etc. However, the idle speed does seem to be relatively low? I can't remember what's normal, but it's idling at about 700 RPM. It's 1000 RPM when first started, and when the nose is high on an incline. The only abnormality I can really observe is a very SLIGHT vibration that coincides with the light flickering on. You would never notice it if you weren't looking for it. Oil level is good, looks right and smells right, and was changed about 1000 miles ago with the manufacturer's recommended oil. No fluid leaks. Have a "LOW COOLANT" light, but coolant level and temperature are fine. Gave up after replacing the sensor a third time.
I'm not very mechanically inclined. I don't currently have an oil pressure gauge, but I could get one if they're not difficult to install (or get help if they are, I suppose.) Besides getting this gauge, what are some other things to look at? Any common failures that produce these symptoms?
Currently it's a bit above 230,000 mi on the original engine. I understand that this is generally an omen, and since it's been running like this for quite some time, it's baaaad. I'm a student in the process of building credit, so buying a car before the end of this year is not ideal.