Hey,
Yeah the stories you have heard are all true!
There is at least one great student form mon-sat and more than not there are multiple to chose from with different genres of music.
Everything is very cheap especially if your comparing it to London!
With the uni, met, trinity college, music college and the college of art there is such an awesome mix of people as well!
And of course post night out there are some great places. If not Maccy D's or Subway there is a place called Simpsons pizza next to the university that does £3 11-inch pizzas in 36 varieties!
Hope this helps!