That was actually a question I had. I know that as an alumna initiate, I won't have nearly as many opportunities to wear my badge as someone who was initiated as a collegian (unless I turned it into a pendant or a ring - and I'm not a pendant kind of girl).
As much as I'd love to have the bling-bling Alpha Phi badge, I'm starting to wonder if it's really a good idea, given that it'll mostly sit in a box unworn.