I do think it's worth adding, though, that from what I've heard (and given my own experiences), the culture in Oxford/Cambridge is not at all representative of University culture generally in British Universities.
And in many ways, e.g. when it comes to drinking and partying, I would guess the culture in other British universities is even worse. In a top Russian university you simply would not have the time, and they would not hesitate to kick you out; graduating from university can be more difficult than getting into one.
I went to Imperial College. "Work hard, play hard" was some kind of motto. Most people followed the first part, the second part was optional. There was more "play" at weekends, and less during the week, compared with my friends at other universities. Mostly, it meant focussing on work during the week to leave time at the weekend.
I remember two mentions of sport: when a friend turned out to be on the hockey C team, and when the student newspaper announced that we'd lost some traditional cup [1]. You can see just how little attention was given to the game by the number of spectators [2].
(It would help the UK if the drinking age for beer and wine were reduced to 16. People can then get too drunk and do silly stuff with some oversight from their parents, and be a bit more mature about it at university. See Denmark for a similar Northern European country with this.)
The minimum purchasing/public drinking age is 18 (other than a single pint with a meal), but there's no practical restriction on parents letting their kids drink in private. My parents encouraged me once I was around 16 to join in with the adults whilst they had drinks. This led to me getting silly drunk a couple of times but with proper supervision. Same thing with going to some college house parties with 6th form friends - their parents knew that at the end of the night all the kids we're being picked up by their family.
The problem is if parents don't consider this and just ban drinking for kids up until they leave the house and aren't under their control any more. That's what causes people to go out of control at Uni since it might be literally their first experience with alcohol, or at least more than "1 glass with a meal" etc.
At Imperial, when the Google London office was new, the feedback from staff for why so few students hung around at their recruitment event was the lack of alcohol. Overturning this HQ-imposed very American policy apparently took significant effort.
Are you sure? I studied math in MSU in early 00's. Most of my coursemates drank a lot. I took some silly pride in drinking a lot and still learning enough to get good grades, but a lot of us just weren't bothered by getting worse grades. You had to be exceptionally and repeatedly bad at the exams to be kicked out.