It sounds like Ole Miss is highly unlikey to be expanding, but money might be an issue for us expanding there. The amount of local alumnae support would be another. At a school like Ole Miss which is SO heaped in southern Greek tradition, we would definitely have our work cut out for us and it would be an uphill battle from day one.
As far as I know there is not any rule that says only one expansion per year. It should all just depend on the school in question.
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