So students living in campus housing can't carry, because they can't store a gun in their room. I think only grad students would be affected.
(Oh, wait - they can store them with police, then fill out a request form when they want to "check out" their property, including saying why they want to have it & when it will be returned*.)
And if you're "approved for storage" you're not allowed to carry on campus. **
All around, sounds like it's better to take your chances storing it in your car. Much more privacy.
But everyone (other than visitors) would have to beg permission to carry from the campus police, which includes registering your gun with them (make, model, caliber, serial #), then carry their permission slip with you while you're on campus.
*check-out form which details the check-out time of the weapon(s), where the weapon(s) will be used and for what lawful purpose, and when the weapon(s) will be checked-in
** Persons who are approved to store weapons with LUPD shall immediately upon entry upon University property, bring the weapon to the LUPD office in a vehicle. The weapons may not be brought from the vehicle to the LUPD office without an escort provided by LUPD.