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Don't worry about it too much. There is DEFINATELY Greek life after University recognition. My school, Santa Clara University, pulled recognition of the Greek System in the Spring of '00. Since then, my chapter has nearly tripled in size, and and we have won back-to-back Grand Sage's awards, given to the #1 Sigma Pi chapter in the nation. As long as you have a strong national organization that will support you, and dedicated, hard-working members, there should be no problem with staying in existence at your school.
PM me if you want a more in-depth account of what we went through at SCU.
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