I know many of the NPC sororities put this policy in place recently, but I've never heard of legacy status essentially dooming you. Yes, there are times, especially in huge chapters where more legacies go through than there are new member spots and some girls will get cut.
Funny enough, the problem had an opposite effect when legacies were still a thing; houses would drop a girl because "Oh, her mom was in ABC, she's going to go that house." but that sometimes lead to a girl getting cut harshly.
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