How Much Do Fraternities and Sororities Cost?

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Deciding to “Go Greek” during your college journey definitely takes some careful consideration, especially as far as cost goes. Like any sound financial decision, and it is indeed considered a financial decision in many ways, it’s important to weigh the options and costs carefully. Financially speaking, it is extremely important to understand how being a member of a sorority or fraternity will cost you in ways that you may not even think. In addition to dues and fees, there are often several overlooked expenses associated with joining one of these organizations. With higher education already costing an exorbitant chunk of change and all of the work you are putting into preparing for college and budgeting, it is important to consider everything that may go into joining one of these Greek chapters at your school.  

 

What’s the Average Cost of a Fraternity or Sorority?

When thinking of an average cost, it is difficult to come up with an accurate one since Greek organizations vary greatly across college campuses. Experts estimate that there are fees that are  “three to five-figures” at some chapters. Part of the reason that it’s so difficult to know the cost is explained by The Columbia Spectator which reported that “Unlike sororities, which disclose dues in the Panhellenic Manual, fraternities do not disclose dues at any set point during the rush process...meaning that there is no single event dedicated to explaining the finances of rushing fraternities.” Although it is difficult to quote an exact or even a running average figure to explain the cost of joining a fraternity or sorority, you can certainly be sure that it will cost upwards of a few to several thousands of dollars. Commonly, more of the detailed financial information is available during the recruitment process as fees can change each year, so sometimes it is even difficult to research in advance.


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. While knowing that entertaining a Greek membership pin may come with a hefty cost and without knowing exactly how much, it is helpful to see some of the other costs that go into being a part of such an organization. Below you will find some of the common and sometimes overlooked Greek costs to consider.



How Can I Possibly Afford to Join a Fraternity or Sorority?

Luckily, some chapters offer scholarships to subsidize some areas of Greek life costs. Other schools may offer payment plans or waive particular fees if a student demonstrates need. This is not always the case and other chapters host fundraising events to raise money for this type of aid or to offer sponsorships for dues. It truly depends upon the school you are looking into and that school’s particular chapter.


The other option is simply budgeting for the opportunity. There are many pros and cons of deciding to join a fraternity or sorority in college. Many students and families believe that the benefits of being a part of such an organization far outweigh any cons. In cases like this, good old-fashioned money management and budgeting will make it possible to achieve the dream of not only going to college, but embarking on the journey of Greek life.

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