One of the more student-friendly clubs (if you have an ISIC card, you get a discount) in central Prague. Also, every wednesday there is an all-inclusive party where you pay 300 CZK entrance fee and have all drinks for free.
The club is located in Ostrov Stvanice 1125, Prague 7 (on the Stvanice island, near underground stations Florenc and Vltavska)
Location map