Harrison Carter Cole was an 18-year-old freshman at Hampden-Sydney College in March 2017 when he was found dead in his dorm room. A lawsuit filed by his parents said his death came after a night of excessive drinking during a hazing event at the Alpha Chi Sigma fraternity house.
The family's lawsuit said Cole vomited multiple times during the party, but he did not receive any medical attention.
John Fishwick Jr., an attorney for Cole's family, along with the college and the fraternity, announced the settlement in a joint statement.
A spokesman for the college declined to comment on the settlement beyond the statement.