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What is student ghetto?
n. an urban neighborhood primarily inhabited by college students, and located near major universities. A combination of students' low incomes, lifestyles, and constant demand for housing provides landlords no incentive to maintain their properties and locals no incentive to stay. Although shabby, these areas usually have fairly row crime rates when compared with actual ghettos.
Examples include: Oakland in Pittsburgh (Pitt and CMU), Hyde Park in Chicago (UChicago), and the entirety of State College, PA (Penn State)
Parent: "The area around the University looks awful!" Tour guide: "Don't worry, ma'am, it's just a student ghetto."