Hahaha!!!!! Where did you hear this from? I'm a 3rd yr, and we probaly just lose about 10 people. Handful repeated, the rest left because of pregnancy or they were sick so they had to wait a year, or they didn't like optometry.
Those are some funny rumours.
Oh and btw, Elkins Park is safe where the campus is. The clinic is in a bad area, but it's perfect. Every patient has some pathology so it's awesome. I'm on my rotation right now, and I haven't seen 10% of the pathology I saw at TEI (PCO's clinic).
If you are looking for housing theres plenty of options around here. Chestnut Hill is a nice area about 10 minutes from school that's nice to live in. Than as someone previously mentioned, there's Brookview, Wyncote, and Colonade. I lived at Colonade for 2.5 yrs till we left on rotations. It's not the best, a lot of third years lived there so it was fun having some friends in the building plus it's right across the road. However, it is hit and miss with the apartment you'd get. Bottom line, if you want to walk 3 minutes to get to school go to Colonade. If you want something that "feels" safer and cleaner don't go to Colonade. Also the parking situation on campus is getting worse when all 1st, 2nd AND 3rd yrs were on campus because of the new PA program. Parking sucked!