I respectfully disagree (although, IL, you're holding your own - nice work).
If they're THAT homophobic and hateful, I don't see them as contributing much to the future fabric of society except more hate and homophobia. Screw them.
BTW, the fact that they're students at Rutgers means nothing to me. Lots of college students turn out to be a waste of tuition. That homeless guy MIGHT have been a decorated veteran. That crackhead MIGHT have been a former E.R. doc who saved 1,500 lives in his career before he fell apart.
The kid who killed himself is NOT on trial here. His actions are not germane to the discussion.
Let me switch this up (and I'm not directing this at anyone in particular, so if any of it's not applicable, it's because it is purely hypothetical):
If I secretly filmed your sister and your mom, in the privacy of their bathroom, while no one's home, explicitly pleasuring each other with a bucket of Rocky Road ice cream and a GI Joe doll... posted it on the Internet, and included their names and addresses, what should my punishment be? Does it matter if I'm 19 years old or 49 years old?
Keep in mind, your friends, their employers, and even the local PTA get to see it as well - As a good "cyberbully", I'd make sure to email it to all of them.