I don't think this is a good idea. Having gone through being sanctioned by both nationals and our university for being caught "hazing". (I put in quotes because the whole thing is very shady - basically we got in trouble for BS like having meetings extend after 11, using the words pledge, etc.) I don't believe the entire chapter including people on financial aid should be penalized when they were not responsible for others actions. I think that this is like comparing apples to oranges, and the punishment is justifiable in terms of the crime.
Who determines the who, what, where, when , and why of the situation?
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