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U.S. News · College Planning · M5

Colleges Are Courting Fraternities Again. Budget for the Line Items the Brochure Leaves Out.

After years of crackdowns, Greek life is a recruiting tool again, even as fresh scandals have critics pushing to curb it. Whatever your family decides, membership carries line items nobody prints in the viewbook.

By Sean Anees Saifi · Capital Wealth · Published Sunday, October 4, 2026 · Source: The Wall Street Journal, October 3–4, 2026 weekend edition, whose market figures are the Friday, October 2 close (U.S. News)
Key Points
6.38%
Share of college men in fraternities, 2024
28
Greek chapters at SMU — nearly half of undergrads belong
10
Schools, at least, that invited fraternities in last year
60
Women in Molloy’s first sorority, year one (15 men joined)
A leafy sidewalk lined with red-brick houses with white-columned porches, fallen leaves on the path in autumn afternoon light.
At Molloy University on Long Island, about 60 women and 15 men joined the school’s first sorority and fraternity in their first year.
In one line: Colleges are courting Greek life again; if your student joins, the real cost lives in dues, housing and social line items the brochure leaves out — budget them, check the 529 rules and read the insurance.

Shenandoah University, a 150-year-old private school in northern Virginia, went looking a few years ago for ways to recruit students and keep them. Fraternities made the list. Some faculty feared cliques and a party culture, but a campuswide survey came back strongly in favor — and students who’d left had pointed to the missing Greek scene as one reason they transferred. “Some people felt they were missing out,” Yolanda Barbier Gibson, a vice president there, told the Journal’s Douglas Belkin. The school’s first sorority and fraternity opened last year.

It’s a national turn. An interfraternity association puts the share of men joining fraternities at 6.38% in 2024, up from a 2020 low, and says early numbers show growth picking up since. At least 10 schools opened their doors to fraternities last year, including some trying to enroll more men. Southern Methodist University in Dallas now counts 28 fraternities and sororities — three of them new this year, a 29th coming in 2028 — and nearly half its undergraduates belong. Molloy University on Long Island opened its first chapters this fall; about 60 women and 15 men joined, drawn partly by national alumni networks. The administrators’ explanation: a generation whose social lives Covid interrupted arrives hungry for close friendships.

The rebound is landing in a hard season. A September lawsuit alleges a sexual assault by members of a Cornell fraternity; Penn State authorities allege a drug ring was run out of a chapter house; authorities at Wisconsin are investigating hazing allegations at a fraternity kicked off campus back in 2015. Cornell’s Greek leaders have joined a task force on changes, and Ithaca has proposed a moratorium on student-event permits. The same Cornell lawsuit recalls that insurers once ranked fraternities “just behind hazardous waste disposal companies and asbestos contractors.”

Our read

This is a College Planning and Cash Flow (M5) piece, and whether to join is the student’s and the family’s call, not ours. Our job is the ledger. The brochure prices tuition, room and board; it doesn’t price the new-member and initiation fees, national and chapter dues, the formals and date parties, the apparel, the philanthropy expectations, the trips — or the chapter house, which may replace campus housing or sit on top of it. Ask the chapter for its written fee schedule, semester by semester, split into one-time and recurring, and learn what’s billed through the school versus by the chapter. The first year is often the priciest; plan it in the budget, not on a credit card. And given the headlines, it’s fair to ask the school for the chapter’s conduct record, too.

Two money footnotes. Dues and social fees generally aren’t qualified 529 expenses, and for a student enrolled at least half time, rent and meals in a privately owned chapter house generally count as room and board only up to the school’s cost-of-attendance allowance — check before you withdraw. And that insurance ranking wasn’t a joke: chapters’ liability coverage typically gets folded into dues, and parents should confirm whether their homeowners and umbrella policies extend to a student living away, and whether belongings in a chapter house are covered. Read the policy before move-in; it’s a poor time to hunt for the umbrella once the claim is raining down.

What It Means For Your Portfolio

Hold — get the full fee schedule before rush

No portfolio action: if Greek life is in the plan, budget it as its own line — dues, housing, social costs — and check the 529 rules and the insurance before the first bill.

General planning principles, not advice for anyone in particular. Before rush, get the chapter’s full fee schedule in writing — new-member and initiation fees, national and chapter dues, housing and meals, social and formal costs — and fold it into the college cash-flow plan alongside tuition. Don’t assume a 529 covers it: dues and social fees generally don’t qualify, and privately owned chapter housing generally counts only up to the school’s room-and-board allowance.

Then read the insurance: confirm whether your homeowners or renters policy covers a student’s belongings and liability while away, and whether your umbrella policy extends to them. Families still deciding can ask the chapter and the school about conduct records and hazing findings; the cost that matters most isn’t always on the bill.

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