Financial Commitment FINANCIAL RESPONSIBILITY IS IMPORTANT FOR ALL COLLEGE STUDENTS. Every member of a fraternity or sorority agrees to be fiscally responsible as a student and a chapter member. Each chapter conducts their own billing and financial processes through online or payment plans. The chapter bills separately from the university bill. Membership fees include local and inter/national (if applicable) membership dues, one-time fees (such as initiation or new member fees) and room and board, if the chapter has a house. Oftentimes financial aid packages can be applied to sorority and fraternity costs. As each student has an individualized award package, please check with the Office of Student Financial Aid for more information. There are many scholarships awarded to sorority and fraternity members through their local chapter, inter/national organization and through Iowa State University. Members are encouraged to seek out scholarships through these resources or contact the Office of Student Financial Aid at www.financialaid.iastate.edu.
Living Out the Facility New Member
Active Member
Living in the Facility Average
New Member
Active Member
Average In
Semester 1
$400 - $800
$560
$3500 - $5700
$3400
Semester 2
$400 - $800
$560
$3500- $5500
$3400
Fraternity Housing Students who join an Interfraternity Council chapter with a house have the option of moving into the chapter, if space allows before their first semester at Iowa State or any time after that point. Typically chapters encourage students to live in the chapter house for two to eight semesters while an active member of the chapter. Each chapter facility provides unique qualities and benefits. Amenities for most fraternity houses includes on-site laundry, internet, parking, study areas, computer rooms, meals provided by a cook or catering service and a house director. STUDENTS MAY CANCEL THEIR HOUSING CONTRACT THROUGH MAY 1ST WITH NO PENALTIES. MEN INTERESTED IN MOVING INTO THE CHAPTER FACILITY SHOULD CONTACT THE CHAPTER LEADERSHIP AS SOON AS POSSIBLE.
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