It's a smaller program at UT, which has plus and minus...I wrote about USC vs. FSU yesterday, and I can't do it again right now.
BUT...
USC is nowhere near Watts. It's about fifteen miles northwest of Watts, actually. Let's give fact-based opinions here, in order to assist the people that ask for our help.
I'm from a small town in Ohio, and I have no fear on campus. It's quite gentrified from campus to Adams Boulevard...though sure, there are rough spots...but that's anywhere, pretty much, except for small towns in Ohio.
As for the copyright issue, I thought it would bug me, but it doesn't. They work really hard here to promote you, with a dozen people working in a department solely devoted to festivals and industry relations, and they don't own the ideas.
You could go to UTA, and own your films, but will it matter if nobody sees them? I don't know how well they promote their students.
EIther school could serve you well, and either school could make you miserable. When it comes down to it, it's the best fit for you. In my case, it was USC, but in yours, it might be UTA.
Either way, I wish you the best of luck, and hope you'll share your difficult decision with us!