Most universities provide two of everything - bed, shelves, desk, wardrobe, and chest of drawers. That's a lot of furniture for a small space, but there are a few ways to maximize space.
image?One way is to raise the beds high enough to allow under bed storage. Most schools provide the extras needed to modify the bed height. Then you can use every square inch for storage.
(photos mounted on cork board) image?
(photos in grid formation & on string) image?
(polaroid pictures & lights) image?
Use removable wall paper either on the actual walls or on foam core/poster board to create a focal wall.
A few other goodies to create a stylish dorm room:
P.S. If any of you know the original sources to the unsourced images above, please let me know.