When you Goof off with Collegemates, you shed 2 points of stress and Expand one Relationship with someone in your College by 1 point. Unfortunately, there's a 10% chance that your behavior will be seen to reflect poorly on the College in question, costing 1 point of Merit.
Still, you're only young once, right?
Expand (-2) Stress
Expand Random Relationship
Expand (-1) Merit