The University is outside Madrid, but Madrid the city is amazing. In my experience it is one of the most alive cities in Europe. Night spots: La Botellita, Serrano 41, Kapital, Joy, Avenox, O´Connel. Spain is the country of bars and banks, thus you can never see them all. Just buy the "Guia del Ocio" (weekly) for only 1 euro and you get a pick of everything is to see in Madrid: museums, bars, resturants, shows, corridas, etc.
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