Skip Navigation

Financial Information

Skip Side Navigation

Financial Information

Fraternity and sorority membership is a great way to engage on campus. Greek membership does come with a financial commitment we believe is important to understand prior to joining. Members pay dues that are used for various philanthropic projects, inter/national fees, alumni events, and more. 

Some of our Greek-letter organizations have chapter facilities for members to live in as well. These costs are factored in to upperclassman financial information. These dues and fees help pay for the upkeep of these facilities, a full-time, live-in house director, parking, meals, and more. 

Traditionally, the new member period, or first year of membership is often the most expensive time of membership due to one-time fees and national fees. We encourage you to ask about financial information during the recruitment or intake process. 

Find out more information regarding finances during each year of membership below: 

2020 - 20201 Member Cost Ranges

 1st Year
2nd Year3rd Year4th Year
Interfraternity Council$750 - $3,500$1,850 - $12,000$800 - $3,300$225 - $3,300
Independent Greek Council$0 - $1,100$60 - $6,000$60 - $1,500$60 - $1,500
Multicultural Greek Council$75 - $860$100 - $860$100 - $750$100 - $750
National Pan-Hellenic Council$1,100 - $3,000$150 - $1,500$75 - $1,000$50 - $1,000
Panhellenic Association$2,506 - $4,550$7,802 - $11,675$2,261 - $3,580$2,261 - $3,580

2020 - 2021 Member Cost Averages

 1st Year
2nd Year3rd Year4th Year
Interfraternity Council$2,137 $8,155$1,890$1,592
Independent Greek Council$323$1,006$446$409
Multicultural Greek Council$518$472$444$435
National Pan-Hellenic Council$1,760$480$365$360
Panhellenic Association$3,702$9,963$3,172$3,172

Additional Financial Information

Scholarships

Fraternity and sorority members are students first. Many are at the University of Oklahoma on scholarship, and in the 2019-2020 academic year, over $24 million were awarded to Greek students on campus.

Financial Aid

Our community is diverse in many ways, including financial background. Of our over 6,000 students, over 3,500 received financial aid for the 2019-2020 academic year. 84% received aid at some point while at OU.  

Chapter Support

Our chapters understand that Greek membership can be expensive and many chapters have payment plans or local scholarships to help students cover the cost of membership to join a Greek-letter organization

Inter/National Support 

In addition to local support, many national organizations offer grants and / or scholarships to help members cover membership dues and fees. These opportunities are often limited to organization members. 

Financial Information

Membership dues and fees are often paid through third-party billing systems or are managed by the local chapter or organization. FSPS does not manage membership dues or fees for campus Greek-letter organizations. 

The University of Oklahoma currently has 27 chapter facilities that are privately owned and managed. Each has a live-in, full-time house director trained to run the facility. 

Approximately 24% of the Greek community lives in chapter facilities near campus. Fees can include: 

  • Laundry
  • Membership dues & fees
  • Meals
  • Parking

The Interfraternity Council includes many chapters with chapter facilities. These dues and membership fees are often more expensive, but the cost to live in a chapter facility may include: rent, parking, laundry, a meal plan and member dues. 

Within IFC, members typically live in the chapter facility the second and third years of membership. 

The Independent Greek Council is composed of eight organizations, with one organization having a designated chapter facility. IGC costs and fees include local and national member dues as well as other local expenses and chapter operating costs. 

Of the Multicultural Greek Council chapters on campus, none currently have chapter facilities. MGC costs and fees include local and national member dues as well as other local expenses and chapter operating costs. 

The National Pan-Hellenic Council often requires aspirants to have completed at least 12 credit hours. Dues and fees for NPHC organizations differ from year to year and member to member. 

New members pay national dues for their entire collegiate experience up front. Subsequent years are local chapter dues only. 

The Panhellenic Association’s dues and membership fees are often the most expensive during the first year of membership. These costs include local and national dues, programming fees, chapter operating expenses, and initiation fees. 

All 11 of our Panhellenic organizations on campus have chapter facilities. Most Panhellenic members live in during their second year of membership. These costs may include: laundry, parking, a meal plan, and local / national dues. Members who do not live in the chapter house are always welcome in the facility and often eat two meals a week at the facility. 

On February 20, 2019 the University of Oklahoma Panhellenic Association voted to adopt a resolution regarding financial transparency during Panhellenic recruitment processes. In a spirit of transparency and accountability, this information will be provided to potential new members and other Panhellenic constituents before, during, and after the University of Oklahoma Formal Recruitment process.

Click the link below to download and view the 2020 - 2021 Panhellenic Financial Transparency Report, outlining all required costs of Panhellenic membership.