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Money is not necessarily needed for recognition. At my school, we got no money from student government because we did not allow everyone to join our group. All sororities and fraternities were that way, due to the way we select our members. BUT, we did have access to campus facilities and such, which made us recognized.
You don't have to accept your campus's recognition...you can disaffiliate with the campus and just be some group, although I don't know what good/bad that would do for you.
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