Well, duh, of course it technically depends.
But the OP was asking for our opinions as outsiders. She can't both hide it and NOT hide it. She probably also can't conduct an interview of tattoo'd sorority girls and aspirants at her school.
So it's better to be safe than sorry. This is one reason why tattoos and certain types of piercings are generally a bad idea (I personally don't like them), unless you plan on being surrounded by the same people everyday of your life and not venture into unchartered terrorities in your professional and personal lives.
No one wants to read her "A Tattoo Ruined My Chances" thread on GC so she should hide it.