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My chapter has a rule that if your GPA drops below a 2.5 you go on probation (no social events) and you must complete so many hours of supervised studying (I think its 10) with our Scholarship chair per week.
We also implemented a really fun, and motivating scholarship program this year. We called it scholarship baseball. How it worked was we were split up into teams and each team had a captain. Throughout the month you would report your good grades on papers, exams, quizzes, midterms etc to your team captain. As on an exam or midterm counted as a "homerun", while As on other assignments counted as a "triple". Bs on exams and midterms were "dounles" and Bs on other assignments were a "single". At the end of each month the team with the most points got a prize, and at the end of the semester the team with the most points got an even better prize!!
It takes some cooperation, and effort to tally up the points and even just to send them in but it was a great success in our chapter; We went from 17/19 for sorority GPA to 9/19!!! Maybe something similar would work well for you guys too... For some reason making it a competition always seems to kick people into high gear.
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