For many college campuses, Greek recruitment time is a week of excitement, chaos and confusion. Maybe you’ve always known you wanted to follow in Elle Woods’ legendary heels and join a sorority; maybe you’ve seen Animal House one too many times and are steering clear; or maybe you’re from New England and have no idea what’s so special about being a Phi Sigma Alpha Theta or whatever.
One thing’s for sure though: Greek life is not cheap. Boro wants you to be prepared whatever you decide. Here are 3 things to ask to protect yourself financially before you decide to go Greek.
1. How much does it actually all cost?
Joining a sorority or fraternity is a financial commitment, so it’s best to treat it like one, and get all of the information. Recently, a lot of Panhellenic and Interfraternal councils have been putting out financial matrices, breaking down dues and letting potential new members know exactly what they’d be expected to pay. Take a look at the breakdown, and be sure to ask any questions you might have. Here’s an example to get a feel for it!
2. So who’s going to be paying for it?
Talk to your parents/guardians/whoever is financially responsible for you before you decide to register for recruitment. With all financial matters, communication is key. Will you be responsible for paying for any of your dues, and if so, how much? Establish clear expectations so you know what to plan for.
3. What scholarships are available?
A cornerstone of Greek life is philanthropy, and many organizations dedicate portions of their funds to supporting current members. Check out the national organizations’ websites to see a full list of potential scholarships.
Your sorority or fraternity could be your home away from home during college. It’s the place where you can make life long friendships. Have all the financial facts before you go Greek, and then go have fun!
No need to break the bank when you go Greek! You can get up to $2000 of borocash now on the boro app and pay back over 1-12 months.