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I think that some universities have noticed that students in the Greek system are more likely to get involved on campus, more likely to graduate, and more likely to give back to the community. A healthy Greek system can help overall retention, and so the university wants to encourage participation.
Without getting into MS, some chapters of some NPC groups can pledge one or two women below the GPA requirement and then wait until the following semester to see if they bring their grades up to initiate them. This is rare and is something that would be a case by case basis and would usually be for an upperclassman that everyone already knew. If she can't bring her grades up by the end of the semester, then she can't be initiated and that can lead to heartbreak. Especially in a competitive recruitment, it is better to let a student that doesn't meet the GPA requirement go first round. It is often better to wait until COB the following semester
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