A school for Convicts. In other words: jail, clink, slammer, etc.
A term made popular by the character Jim Leahy on Trailer Park Boys.
Leahy: "Have fun in Con College, Ricky!"
Ricky: "F*ck you, Leahy."
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A person who is currently serving jail time.
Paul robbed a liquor store and went to prison , he became a con college cadet.