Loughborough is tiny as uni towns go, but very good if you want to play sport at a high level on an extra-curricular basis. There is (IIRC) only one club in town + the SU, so the nightlife is not exactly thriving. When I visited there on a post-offer open day, their student ambassadors were at pains to tell us what a good social / night life they were having. To be honest, it was rather a case of 'I think the lady doth protest too much' - they told us how great it was so many times that I stopped believing it. They do heavily promote how quickly you can get to Derby, Nottingham and Leicester though...