This was 2 years ago, but it was definitely worse than I thought it would be when I got to grad school.
I went despite not having funding offered to me. They wouldn't let me register for classes like I was supposed to because I didn't have an adviser lined up. It isn't like I hadn't tried. Everyone I asked turned me away, said they couldn't take any more students and I should ask this other person. After being bounced around like a pinball, someone agreed to be my adviser. I spent a long time after that wandering around blindly with virtually no guidance on my thesis. Yeah, I wasn't off to a good start.