Hey now. I was a frat boy as an undergrad. And I liked living in a fraternity very much.
From above: "Well I think it depends on whether you are willing to pay for your friends, get treated like shit for a couple weeks of initiation, and look and dress like everyone else in the frat."
Fact: You need to pay for housing somewhere. and food. and if you drink, you gotta pay for beer too. The beer fairy is not real.
Fact: If you and several of your friends pool your money, you can save via the economy of scale, and then you all have a kickin' house full of fun toys to hang out in, and all your friends live right there on your floor.
Ignore these guys. Joining a fraternity is a very personal choice. You're joining for the other people in it and your relationship with them. If you and three of your current mates want to keep living together through the rest of college, and they all want to join a house, go for it. If you chill very well with the guys in a certain house, join 'em.
To all the people in this thread who are naysayers: If a bunch of people you were cool with said, "Hey look, we all want to live together, we found this really bitchin' house with a pool table, an xbox 360, and a bar in the basement, and we want you to live with us, sign in on this lease. And we've agreed to all chip in $20/month to the beer fund." -- you'd be hard-pressed to turn that up.
A fraternity is just this but slightly larger. Lots of houses do some sort of hazing. Depending on the school you're at, and the specific fraternity, this might be really bad. Not worth it. Ask around your campus about the specific house you've been given a bid for. Really jock, ROTC, or heavy drinking frats tend to have a reputation for some fairly serious hazing. There are also plenty of "nerdier" fraternities, filled with engineers, a whole bunch of Jewish kids, or just geekier guys. These tend to have not-so-bad (or at times, downright fun!) pledge processes. (Not that pledging is in itself necessarily a bad thing: done right, it can include lots of team-building and bonding stuff. Plenty of positive pledge experiences exist. Some of the hijinks I pulled when pledging are my most fun memories of college. Many houses now also have specific no-pledge policies. You can ask about this.) I figured that the pledge process at my house couldn't be too rough, since the president was legally blind, and he made it through.
And there is a whole range of houses in the middle, each with its own personality. Certain types of folks tend to gravitate toward each house. If you see your personality mesh with the vibe in one of these houses, don't let the label of "Fraternity" hold you back. Not all fraternities are like Animal House, any more than all drug users are heroin junkies from some horrible DARE stereotype.
Something to consider: everyone likes throwing a party occasionally. Some houses do this every week. But other houses have less demanding social schedules. When you pick a house, keep things like this in mind. You're picking a house because *you like the events there*. And you want to become a more integral part of them. If you don't like their social calendar (huge beer bash every friday too overwhelming for you, for example), don't join up.
That having been said, if you ever see a guy walking around in a pink polo shirt, collar popped, you can call him Chad. Those guys are douchebags.
