There was a movie made about this!
From IMDB:
[color:"red"]Dead Man on Campus (1998)
Two college roommates go out and party, resulting in bad grades. They learn of the "if your roommate dies, you get an A" clause, and decide to find someone who is "on the verge" so to speak to move in with them.Two students, one, a slacker, and the other, a student on scholarship, find out in their college's charter that if your roomate commits suicide, you get straight As for your grief. They then go looking for the perfect roomate when the student on scholarship starts[/color]
Now my notes - except that the roomie they choose is like this complete psycho that is driving them crazy, and they're scared he's gonna kill them or something. It was pretty funny if I remember it correctly. Dumb, but funny. <img src="/images/graemlins/tongue2.gif" alt="" />