Make your plan on how best to save. Early High School. Knowledge on college pricing and financial aid. Junior Year. Build your list with great financial fit schools. Senior Year. Pick the long-term, financially successful college.
Saving for College. Cost of College. Student Loans. Book: Better Off After College. Sign In Get Started. Back to app. Partner With Us. For Educators. For Financial Institutions. Try Edmit Free Log In. Nick Ducoff. Vemo and Edmit join forces to help st Alicia Hahn. Begin Your Research on Education and Featured Stories. Filter By Categories cost-of-college financial-aid-and-scholarships student-loans salary-and-career. Costs to Consider Some of the costs are pretty obvious such as initiation fees or membership dues, which are relatively common with most clubs and organizations.
Lynne DeAmelio-Rafferty. Lynne is a freelance writer with experience in writing, teaching, and management. She has a M. Her Bachelor's is in Psychology and Criminal Justice. She is also certified in Early Childhood Teaching and Administration. Ask about what your financial responsibility would be. You can also ask about financial assistance a sorority provides. While you will be required to meet the financial obligations, sororities often allow members to set up a payment plan that works best for them.
Sorority chapters should provide answers toward the cost of sorority membership during recruitment. Typically, the first semester as a sorority member will be more expensive than any other because you will be asked to pay new member and initiation fees as well as purchase a membership badge. The total amount owed for dues will vary with each chapter and with each campus. Chapters that host more events might charge more money in dues to pay for those events.
Other chapters might charge less money for dues but expect you to pay individually throughout the year for different things you might want to do such as purchasing T-shirts or participating in additional sisterhood or social events.
A sister who is delinquent on her dues will accrue penalties and punishments. A sister who is current on her dues will enjoy the benefits of chapter membership. For instance, studies show that undergraduate sorority sisters are statistically more likely to graduate in four years than non-Greek college women. This may be due to a focus on academic success built into the Greek experience of most chapters. This budget can reach a total of tens of thousands of dollars. While specifics vary, budgeting for a sorority chapter can in a broad sense be compared to small business ownership.
Sorority chapter members contribute to its operation, which requires careful budgeting, outreach and promotion to maintain. Like businesses, a sorority chapter seeks growth and suffers when finances are mismanaged, when campus presence is diminished i.
Whereas a business relies on profit from its products or services sold to consumers, a sorority relies mainly on membership dues and other fees paid by sisters themselves. Outside funding is often supplementary. For instance, a sister will often pay expenses such as pledge and initiation fees, a Panhellenic facility fee and national dues, on top of regular membership dues.
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