Startup idea: unbundle the party aspect of college. That kind of social life is not something you could purchase elsewhere right now. Figuring out how to replicate it would be worth a lot of money to a lot of people.
And frankly any environment where you put together large numbers of young adults will probably result in "partying" if they have enough time and space to do so. There's a reason that drunken sailors staggering back from shore leave are a centuries-old cliche.