There are several universities local to Steyr, such as Deakin University, La Trobe University, Swinburne University of Technology. If you're a prospective student, find out which one offers the best course in your area of interest, and then look for a room nearby.
There are plenty of great museums to visit in Steyr such as Heide Museum of Modern Art, National Sports Museum, Jewish Museum of Australia. With so many choices, you'll never be hard-pressed to find something that interests you. Bring a friend along and make a day out of it.