I never studied at Reading but I did work there for about a year in 2013/14, and I was only about 22, so I'm privy to the social aspect of the Uni/Town, just not the academic side.
Reading's WhiteKnight campus is probably the best I've seen in person. It's huge, and really spacious and green - especially beautiful in the summer. In the middle of the campus is where you'll find the best concentration of cafes/bars/eateries, I used to particularly enjoy going to the bar at ParkEat which seems to be one of the two main drinking spots on the main campus, the other being the SU. ParkBar is a rather large, cheap bar that gets really busy and has a great atmosphere - especially on Fridays and Mondays. SU bar is great in the summer with the outdoor bit.
Their main library is pretty big too, I used to be based in there for my job and I think when I was last there several months ago, they were in the middle of renovating it.
I always had a good time in Reading town centre too, nice small and compact, easy to get around. All of the main chain restaurants are by the river at the Oracle Shopping Centre. There are some decent pubs dotted around, namely Purple Turtle and a few Spoons. I can't remember there being too many nightclubs, but I'm originally from Newcastle which is full of clubs, so pretty much anywhere else does tend to feel empty in comparison. For bars they have things like Revs, Pitcher and Piano, Oakford Social... Other benefits are of course the proximity to London and it's airports.
I was only there for a year, but as I was pretty much student age I befriended quite a few students, many of them international, who I ended up drinking with pretty regularly in bars on campus and in town, there's a nice laid back atmosphere in both.
I'm currently considering doing a Masters myself but it seems Reading don't offer it, which is a shame, because I'd be back down there in a heartbeat. Even now five years later I'll catch myself fondly remembering my short time there.
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