I'll bite...
From what I was told (keep in mind that this comes from hearsay - so DO NOT consider what I say as truth, "Bible", or 'the law').
Joining undergrad meant that you achieved a high academic standing in college to be considered for membership. And, through the MIP you had a better chance of bonding with your line. You all were young and free with no other worries and got to enjoy all the silly stuff undergrads do while a member.
Joining grad meant that all you did was pay the fee and you may not have bonded as closely with your line, because now you are busy with other more pressing things in life like family and job.
But, I can assure you that in reality neither case is absolute. Meaning, you will find plenty of exceptions in each case.
If you know that the time is right for you at this moment for whatever your reasons may be then do it. No one has the right to question why you are doing what you are doing. It is a personal choice.
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"I am the center of the universe!! I also like to chew on paper." my puppy
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