Are fraternities still relevant to the college student experience? By examining the moral, student, and leadership development of IFC fraternity men, while controlling for institutional and student characteristics, the current study analyzed the roots of the purported value-added nature of fraternities using data from the Multi-Institutional Study of Leadership (MSL). Specifically, the current study examined fraternity men's gains in self-authorship, internalized moral perspective, advancement along Kohlberg's model of moral reasoning, and the individual "c's" of the social change model while controlling for the variables of race/ethnicity, sexual orientation, and parental education. This quantitative study used both descriptive and inferential statistics to analyze data from a national dataset; inferential analysis was performed using Kruskal-Wallis one-way Analysis of Variance and the Mann-Whitney U test as a post hoc analysis. The interesting and troubling findings of this study allowed for the elucidation of much needed policy change, new best practice, and a call for reform in the fraternity movement. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]