Just to throw another suggestion:
I'm currently making some prototype bracelets for a few sororities. They are bracelets made out of elegant Swarovski crystal beads and sterling silver Greek letter beads. You can easily buy wholesale crystal beads for a great price. It could also be a great social activity for your sorority to make bracelets for your littles.
For price range:
Greek letter beads: http://www.auntiesbeads.com/ProductD...3-38f5eb883a21
Assuming you buy in bulk along with some other letter beads. Each bracelet would best fit up to 7-10 characters. Assuming you put 3 greek letters, 89 cents each, that would be around
$2.70.
Swarovski crystal beads: https://www.astralbeads.com/sw_5301_6mm.aspx
most people will use 6mm bicone beads, or even 8mm. Each bracelet would need roughly about 25-30 6mm beads. Average price per color for 36 beads would be roughly about
$5-6.
Including other material (clasps, other beads if you wise and wire), the price per bracelet would be roughly
$10
Consider the market price of the same kind of bracelet (as you see in department stores, using the famous Swarovski crystal) would be about $50-$60. It's a great deal. I'm sure your sorority sisters would love it =)
That's my advice =)