Let me just say that the first time I visited SCO, for their open house, I too was scared to death of Memphis! But when I went for my interview I decided to take a couple of days and really look around the city and the suburbs. Cordova is only about 20 minutes away from the school and it is a nice suburban area with lots of places to eat, theaters, and all that. It is a very nice area, and where I am going to live...Definitely go visit Cordova and Germantown before you decide that you don't want to go to SCO just based on that area of Memphis. Like many schools, SCO is in downtown, so of course it's a little scary...you don't have to live right next to the school.
By the way meb302, when was your interview? You sound a lot like this guy who I went on my interview with