Study habits vary so widely between different students. It seems like the go-it-alone approach (become a hermit and study alone until you go crazy) is pretty popular, but I can't handle that, nor do I have the self-discipline. Others do organize structured study groups and have regular meetings. Again, I'm not disciplined enough for that.
My group sort of evolved naturally. A few people in my class that I didn't even know that well were studying one afternoon, and I tagged along. It was at the very beginning of exam week, and we wound up really talking through stuff well. We just started meeting more regularly during exam weeks, and our grades went up as a result. By the end of the year, it was just assumed that we would all be camping out in a room in the library all week and we planned on studying together. It worked out great because we all had similar learning styles and procrastinatory habits. I recommend at least reviewing with other people, because when you have to explain concepts to other people, it's amazing how well they stick.
Regarding the exam schedule: I love it. It had to grow on me, but I like not having to worry too much about exams until they actually loom on next week's schedule. Studying for all classes at the same time seems like it would be a pain in the ass, but it actually really helps integrate everything. MUSC has a quasi systems-based approach to the material, so it's really gratifying to learn about something that applies to three classes at a time; you really feel like you master something that way.
I love Charleston so much, and MUSC is a good (underrated) school. Please PM me if you have any questions about it.
(edit: "camping out" does not entail actually sleeping there; it's just our slang for living there 18 hrs/day)