Wasted on drug, drop round area where students are found (6,9)
I believe the answer is:
higher education
'where students are found' is the definition.
(where people might study)
'wasted on drug drop round area' is the wordplay.
I cannot quite understand how this works, but
'wasted' could be 'high' (wasted can mean high on drugs) and 'high' is found within the answer.
'on' could be 'at' (I've seen this in other clues) and 'at' is found within the answer.
'drug' could be 'c' (C is an example) and 'c' is found within the answer.
'round' could be 'o' (round can mean a round object) and 'o' is present in the answer.
This may be the basis of the clue (or it may be nonsense).
(Other definitions for higher education that I've seen before include "One's up in it" , "to a degree" .)