I agree, but if he's their only/first son to join a fraternity, they may not have understood the risk of jumping the gun. I'm giving them the benefit of the doubt that they just have lots of money and saw a need, not that they were trying to buy any favors.
OP, give it a shot. Why not? Just remember that you are in college first and foremost for your education. I'm not a huge believer in getting AWESOME grades just for the sake of it (2 minutes after you've graduated, nobody cares in most of the time), but you should be learning enough in your classes that you do at least reasonably well. One benefit of going after this with a little more maturity under your belt is you will understand better how to balance work and play.
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"Traveling - It leaves you speechless, then turns you into a storyteller. ~ Ibn Battuta
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