A party school is a college or university that has a reputation for heavy alcohol and drug use or a general culture of licentiousness. The best-knownLaurie Rozakis. The Complete Idiot's Guide to College Survival. Alpha Books, 2001. 211. list of alleged party schools is published annually by The Princeton Review. The magazine Playboy also releases a list of party schools on an irregular basis. Many schools bristle at the party school label, and the lists have been condemned by groups such as the American Medical Association for promoting dangerous behavior.