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Well, my campus was going to have Big Head Todd and the Monsters come and it was going to be about $60,000. Plus, you either have to work it into when they are going to be in the area on their tour or pay travel expenses too. Some bands want part of the door money and most have very detailed contracts (ie. how it will be advertised, if you can or can't have photographers, etc).
Also, you need a venue... very expensive (most bands will not play at your fraternity house).
311 played my campus, but I don't think any of our fraternities could have pulled off a concert of that magnitude. Unless you have serious connections, it is really hard to pull off a MAJOR band.
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