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We've been running on academic year since I was a new member.
Granted we don't have the housing issues as stated above since we don't have a house (but looking to change that next year).
We have elections in february so that the e-board can start training right away. The 2nd-last meeting is officer installation, and the last meeting (usually early april) is run by the new e-board.
I guess another difference is we rarely have anyone graduate in December.
Anyway, it can work if you figure it all out.
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