Sittin' in the hood like community colleges
This dope money here is Lil' Trey's scholarship

from Kanye West – We Don't Care Lyrics on Rap Genius

Meaning

‘Ye compares the hood to a community college: a waste of time (Kanye — a college dropout himself — is famously not a fan of higher education)

The difference is that the hood’s financial aid comes from selling drugs

Many community colleges are located in higher crime areas, thus they are “sitting in the hood”.

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