Creating Mulitple Home Folders 2003 AD

This is what I think we need to do?
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I would like to in affect create a 2nd home folder.
When we create a new user, we would like to automatically create a new folder within a share and apply appropriate permission to allow only that user access and map it to a drive letter.. (Just like their home folder).


Why I want to do it! Is there a better way?
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I work at College with lots of students and we have just purchase a 2003 Storage Server.

We would like to allow students to save large files in their own directory. Without access to anyone else areas.

We cannot change their home directories, so would like to affectively create them a 2nd one.

We have a 2003 servers with XP workstation.

The process must be automatic.




Thanks in advance for the help


Rob