I'm not usually a big believer in "College furniture" since it's typically not made to last. Think of those junky futons, bed lofts, and plastic storage. I do however, LOVE these storage cubes from Target. I have two sets of this 2x3 model and I think they're great!
One of these I have laying down just like the one pictured and I have it inside my closet. I use it to store shorts, jeans and socks/undies/bathing suits. It is a great space saver and really efficient.
I use another as a set of real drawers and have 5 cube drawers in it!
My room is mostly pink and green--all in different shades and I have drawers corresponding to the respective amounts of each in my bedding pattern! I picked up four more drawers last time I was at Target (remarkably, that was all I got--mission accomplished!) and immediately put them to use. They're mostly holding items that are always folded--t-shirts, sweatshirts and the like. I like they way they look and I like how they store. When these drawers aren't in use, they fold up and are collapsable!
These are great for any college dorm, college room or closet!