The men originally faced up to five years in prison for a felony hazing charge before agreeing to plead guilty to a misdemeanor hazing charge.
The Tallahassee Democrat reports four of the men will serve 60-day jail sentences and a fifth will serve 30 days after cooperating with the investigation.
The men were in the Pi Kappa Phi fraternity, where 20-year-old Andrew Coffey died of alcohol poisoning in November.
The death led to the university temporarily banning alcohol and social functions at fraternities and sororities.
Four other men remain charged and are scheduled to go to trial in June.
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