It's not for everyone but I loved every minute of the student lifestyle and my parents didn't send me a penny towards anything, fees, rent, booze or bike parts. Had no trouble finding work behind a bar or labouring on a building site to keep the overdraft down and have enough money for boozing it up every night of the week I wasn't working behind the bar. Walked out of a job in Wetherspoons one night and picked up another bar job the next day working for the best people I've ever worked for to date in a family run Irish bar.
Couldn't afford to run my £250 MkII Escort let alone think of owning a Westfield or live anywhere particularly nice but we were all students living in abject squalour together, living off beans and drinking White Ace because it was cheaper than White Lightning! I got to share houses with people from so many walks of life, from my (now) wife's Welsh valley council estate upbringing to a lad who went to the most expensive boarding school in the country and his old man hob-nobs it with MPs. I made so many lifelong friends at uni, met the wife there deciding to give it a go after being very good mates for 3 years.
If I'd have stayed behind in the old hometown I'd be following the same group of lads drinking and fighting in the same old pubs with the same low aspirations and job prospects. It's good to go back to see for a catch up them but it's like time stood still in the village and they are happy with their lot.
Still, you pays your money, you takes your choice and uni isn't for everyone. I'll be paying the debt off until I'm 60 but I'd do the same 4 year masters in mechanical engineering given my time again.