I actually just dropped out of loughborough (I wasn't enjoying my course) but I did love the campus. Yes, the city/town is really small and only have like the basic high street shops and a few nightclubs here and there. I only actually went to the town only a few times as it took 25-30 mins to just walk from accommodation. I guess if you're someone who really loves a big city atmosphere, you would feel a bit let down by Loughborough. I did love the campus (it's massive) and the whole close community feel of it, and the students union does put on a lot of night events and activities.