How do people afford Wampus rent?

I genuinely don’t understand. My parents pay my tuition, and I pay for housing. This is a very fortunate situation at UT that is a lot better than most kids.

However, to afford housing I have to work 20-30 hours a week during the school year and 40-50 during the summer. AND my budget I can afford is firmly $800-$1000 a month. How do people pay $1200-1400?

Where do people get the money? Like, do they take out loans for it? Can loans be applied to private housing and not on campus?

Do most kids at UT have their housing paid for by their parents?