It was a while back, but at University in my first year I partied so hard I had to retake 4 out of 5 exams to stay on my course! Mind you after than I made sure I passed with flying colours.
I think that, depending upon your childhood, College or University marks a big change in your ability to define yourself and rebel (if you feel they need).
I wouldn't worry about feeling some are going to far or losing their cool. Just don't let yourself feel closed out from having fun as well as learning.
Try to be reasonable... its easier than you think...







