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^^ The bad news first....
Housing is tight. Make-shift dorms are in.
The good news next....
Guaranteed housing first two years. Excellent off-campus housing very close by (2 minutes away). Many students actually want to live off-campus by the time they're seniors. Those who live in make-shift trailers actually bond very closely, and it's a source of pride for them. At a Halloween party a couple of years ago, several dressed up as "trailer trash".
I think it worries parents a great deal more than it worries the kids. The kids I've spoken to take it all in stride.
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