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Hate to say it, but I agree with James.
You ARE buying a social life. It is usually meant in a derogative way, though, but I don't think there's anything wrong with saying its the truth.
Are you buying access to parties, group activities, bonding activities, and a "clubhouse" if you will, to hang out at? Yes, yes you are. As far as I know most sororities and fraternities aren't free.
However, I disagree with the common statement saying that you buy friends. You can spend as much money as you want, there is no guarantee that you'll make any friendships. People deactivate because of it all the time. You can buy the ACCESS to hang out with these people, but you can't buy their friendship.
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