Hi Tiffanie --
I agree with Jason. Expect there to be things available and/or going on at any college party that could potentially lead to problems so be smart. Also, be careful how you use social media. A lot of times in the middle of having a good time, pictures and videos are made that may not be the visual you would like to share with the world.
College should be a combination of a lot of experiences including fun, so have some and enjoy yourself.
I would not say it is bad, but be smart about it. My experience has shown me that they do not differ from most parties in college. There is going to be someone there with alcohol and possibly/likely drugs. Maintain your self control and all should be well. Never take a drink from someone you don't trust and go with a friend.
My humble opinion is that you focus on your studies. The only thing I ever learned at a party, is what not to do ;)
I get it, that this a pivotal time in your life and you want to branch out socially, but I know many people that got distracted and started focusing too much on their "Social Studies" and it took them an extra year to graduate, if ever!
Not to be a downer, have fun, but be smart about it and error on the side of caution.
Lance recommends the following next steps: