Thanks for the info loseonething, it definitely helps me feel relieved.
Are you planning on staying in the Graduate Residence? I know it's a bit more expensive, but right now it's my first choice. The lady at the residence center told me its lottery based so it doesnt matter when you apply, they just randomize a list of acceptances and rejects with all the applicants the week after applications are due. Barring that I suppose I'll look into the student's ghetto (lol).. which has the upside of being much much cheaper.