Yes! It's super fun too! We have events like Drag night, Coming out Day, Halloween events--all kinds of stuff! I always recommend that the students of their uni's apply to have one formed!
I am actually the Vice president of my university's LGBTQIA+ club!
As a non-binary Lesbian, it is a great way to show pride!
I also have both flags in the back of my car so it's pretty obvious to anyone behind me lol