Mine did. I wasn't excited about it and it hasn't changed my mind that most frat guys are douchebags. But it has been a good experience for him. Freshman year they were required to be at the frat house at 6am M-F for a 1 hour session with a tutor (not a student, an actual adult male tutor paid by the chapter). There's a lot of peer pressure to keep their house GPA higher than the others, which has been a better motivator for him than hearing me bitch about it when he was in high school. He was a very average student in high school and was trying to float the idea of not going to college at all a few times, now he's on the deans list every semester, albeit at a school not known for high academic achievement. They do some charitable shit, which is pretty easy to see that is more for appearances than actually helping the community, but it's more than he would have done on his own.
I view it as paying for whatever it took to motivate him to go to school and work hard. He's a junior now and his habits are definitely drastically different than they were when he showed up. His peers are a bunch of engineering students and it has been good for him to be immersed in a group of guys who know how to study.
Of course there's parties and drunkeness and high drama with the sorority girls too, but still it's been a net positive for my kid.