Vincennes University in Indiana is a 2 year school (with a very few 4 year degree offerings) and they have local sororities and fraternities. Somehow those seem to do fine even with a 2-year turnover. Maybe due to Vincennes being somewhat residential.
Vincennes University is an anomaly with a unique history. I wouldn't hold that institution up as an example compared to the typical 2-year community colleges found across the U.S.
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