ANYONE that says fraternities as a whole are bad are either ignorant or had a bad experience with one that was so bad that they have to make up things to make themselves feel better.
I am in a fraternity, and can tell you that, while some of the stereotypes may be true about some groups, to say they are about all shows how little you know.
I am in Theta Tau, which is an Engineering based fraternity. We have Car guys, computer guys, and even drinking guys. Hazing is a thing of the past for the most part. We have activities that the pledges have to do, but none of them are ever really bad. Our system works off of member signatures. In order to "get in" (beyond having to be accepted by the group of course) you have to get the signature of all the active members. To do this, most members have you do tasks for them. From the very small like knowing the info of that persons "family tree" in the fraternity, to the larger like my pledge class had to do. We had to drive out to different mile markers and get pictures of us with certain ones. Nothing bad about it really, we get reimburshed financially for most of our activities, and it DOES bring you close to your pledge brothers.
I would do anything for them, and have done quite a lot in the recent past. They have done a lot for me as well. I also get tons of study materials, and people I can go to at any time for help, both in school and in life. Right now I have 2 binders FULL of stuff for Physics 2 which I got from the Engineering Sorority on campus that we are good friends with.
Thats just one minor example. Outside of that, I got my JOB through the fraternity. Not working through college at McDonalds, but working for Federal Mogul at their world headquarters part time. I make twice as much as I did working at Best Buy before this, and I get to make my own hours. Come and go as I wish, work in my own cubicle, own computer, and have lunch with a few of my brothers and other people we know there. Something I would not have had without the fraternity because they were only hiring based on employee recomendations.
Beyond that, I met my current girlfriend of almost a year through the fraternity. She is in one of the on-campus sorority's, and was around our group quite a bit. I most likely would have never met her if not for the fraternity because she had classes on the other side of campus in a building I only spent 5% of my entire year in.
The benifits are limitless. The cost is small. We are $25 a month for dues, just $10 more than a WoW account, with real life rewards. The dues go towards paying for our rush events, and for our fraternity insurance (in case something happens at a party or other event we host).
Pretty minimal for all that I have recieved in return eh?
I have my own friends of course, actually one of them I got to join last year. It isnt about getting friends for a fee or whatever stupid stuff other people say. Its about wanting to do more, get good business connections, and be prepared for when you leave college. We have over 200 alumni in the workforce at Ford, Dell, Compaq, GMC, Toyota, Federal Mogul, GE, Chrysler, Honda, and many many more. I can have three jobs waiting for me when I graduate because of them, while other people who have no real connections get to start at the bottom.
The only negative is that you are dealing with a lot of people, each with their own personality's, and its not always easy to constantly get along with a ton of people, but a good fraternity does it, and we to this day have never had an actual physical fight between our members, but have had our share of arguments. But thats small and something you see in any friendship or family.
This is my third year as a member, and I would hate to think of how much less I would have if it wasnt for these guys. What you can do for yourself can only take you so far before you hit bumps or problems, and thats when its good to have a group of people who will help you get around it.
Side note:
I saw a post from a TKE, we have TKE's on our campus as well (University of Michigan - Dearborn), cool to see you guys here.