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As a Hawkeye alum, and from a member perspective, it worked great. Because my parents handled my bills (which I paid later via student loans) I never really had to worry about those costs. I think the school handled it this way because they required the sorority houses to cost approximately the same as the dorms, although at least in our case it was a little less. It might also have been a way to keep a finger on Greek life.
I'm sure it was better for the Treasurer. She certainly had enough to do dealing with the phone bill, the Joe Photo bills, housing and chapter expenses, etc., that dealing with deadbeats would have really been hard.
If your sorority has a chapter at Iowa, maybe the VP Financial would be willing to explain how it all works.
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"Traveling - It leaves you speechless, then turns you into a storyteller. ~ Ibn Battuta
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