Sometimes people complain about student loans and how tough it is to repay them, yet they still go out on trips with friends during summer time and like mentioned, you got all the parties going on. Sometimes you just have to cut out on things and re-organize your priorities to save money. Short term sacrifices have to be made.
Ya time management is certainly a challenge... and it's not always because of fun vs study. Recently I did extremely poorly on a relatively easy subject, just because I over-emphasized my studies on a difficult subject and neglected the easier one =/