I am going to be a junior in college so maybe you can relate.
I am not in a frat, however.
I live in a townhouse with 2 roommates. I keep my chameleon in my room, with a ficus tree in the living room for when I want to get him out and put him on the ficus (he has a schefflera in his tree and I think he enjoys all the branches of the ficus on occasion)! My roommates are very respectful of him, so if you considered doing this at all I would definitely talk to every single brother.
I would also definitely makes sure to lock him in your room whenever you weren't in there. Frat brothers and other people in a frat house can be real assholes.... and there is a possibility one could get ahold of your chameleon (intoxicated or not) and not treat it right in some way... from stressing him out to even teasing or abusing him.
As far as noise goes..my chameleon (and I've heard many other people say this) is OUT after he falls asleep. The only thing that will wake him up is light. Many timse I am up very late in my room on the computer or playing semi-loud games...I don't think he minds..as long as he is asleep first. My roommates don't even think he has ears! (...Chameleons do have ears, right?..)
Anway, if we have friends over or have a party or play poker I always leave him in my room. No one bothers him up there.
After saying all this I woudl personally not get one. I think a frat house is just too dangerous of territory (a dorm also). If you had your own house or apartmnet, then I would say go for it.
It is your decision. I know I am skeptical and critical of frat houses. They have never interested me and the whole concept and mentality just annoys me. I would hate to live with 20 obnoxious guys... UGH.
Hope this helped, although I don't think it did!!
I go to Kansas Universitiy btw.
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1.0 Baby Sunburst Veiled Chameleon -- Dexter