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Poster Name:
Why not

Poster Message:
It depends on the house. Those that have been here for many, many years and pledged quota every year....their only expenses over the years have been normal maintenance and redecorating, so they've been stockpiling money for years and years and can cover a good bit of the construction costs. They also have a lot of alumnae who can contribute, so that will reduce what has to be borrowed. Other houses are newer, have smaller alumnae bases, and have to borrow more. The "bank" in this case is the university, which is pretty much rolling in money right now thanks to our football team. They're the ones making the loans. Makes good sense for them, because the continue to own the land underneath the houses no matter what, and bigger houses will house more students. But yes, the houses can make those enormous payments because they have 300 plus members. What I worry about is when sororities become unpopular and the numbers going through rush drop, and, as in the 1970s, girls resign in droves. And it WILL happen, because the popularity of the Greek system waxes and wanes.