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I don't know how this would apply for a national chapter, but for my local, our alumni sponsored a "Scholarship Fund". Basically, if a girl made above a 3.5, she got a discount on her dues. That discount was then covered from the alumni scholarship fund. And while our dues were only $45 a semester, that $10 discount on your dues was a welcome relief!
We consistently had the highest GPA on campus, which is saying a lot considering that we were also the smallest sorority, which meant that each sister's grades impacted the overall GPA a lot.
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