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Hmmmm... Unless your parents have a position guaranteed for you when you finish your degree, your GPA should be your first priority. Unless you have major connections, GPA does count when applying for jobs, even with successful internships.
I imagine that the other fraternities have GPA requirements, too, so I don't know that your success in getting a bid and going through initiation would be any better, but you never know. Some might be able to make an exception. I take it your parents are supportive of you pursuing fraternity membership despite your grades?
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