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Depends on the person, depends on the college. I think it somewhat delays reality, but for me and people I know it fostered some maturity. I mean, sure, you get drunk a lot and whatnot, but thats only half of it. During the 2004 elections, tailgating on campus was like tailgating at a campaign rally. Plus, when your tailgates and fraternity gatherings include CEO's and congressmen, you obviously get experience networking. I think at SEC schools and others, there is some amount of pressure to dress and act in a more adult manner, which I think is beneficial. At our fraternity, our late night drunken conversations at the bar would often turn into projecting the 08 race, financial markets, etc...Which is something I can't do with some of my older friends who went to other schools. So I think it obviously delays the real world, but in some situations it can make the transition a lot more smooth.
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