It would be ideal if in the Aid Applications page, you could bulk set students' housing setting (on-campus, off-campus with parents, off-campus without parents), as this greatly plays into the COA classification and how it gets applied.
Also, many schools with whom I work only have a single housing option for students so it would also be nice if that was a FA setting that you could just set as a default for all students with the ability to override per student, if needed.