I was in a High School "Fraternity". We wore Greek letters, made paddles, had a "pledge period", had a mini ritual etc.
The fraternity, which may still exist, was founded in 1911 I believe so was as old as some of the collegiate versions. And every year it has a reunion for alumni. It even has a scholarship set up in the name of a Brother that passed away tragically.
Other than the intense physical hazing, it had many of the same functions and problems as the college groups. In fact, I would wager that on campuses without a strong Greek System the parallels would be fighteningly similar.
The one advantage was that we had more parties and didn't get in trouble for them.
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