That movie,I believe, is from way back in 1997 or 1998.
It appears that every year, around mid-september, there is a frat/soror based movie about hazing. Maybe not so much anymore, but I remember thinking that in the mid to late 90s. My best friend and I always commented on them. There is a national movement against the greek system. The media perpetuates it with these kind of movies...

.