2020-21 Chapter Finances - Spring Notice

Dec 18, 2020 – The Board of Directors voted to lower overall fees to chapters for the spring 2021 semester.

This was a continuation of similar fee adjustments approved for the fall 2020 term. The following are the primary fee adjustments: 

 

  • Dues Late Fees: Late fee payments for dues ($2.50 per member) will not be invoiced until 60 days after the start of the term (traditionally 30 days).
  • Regalia Fees: The $25 installment for spring 2021 was suspended. 
  • Grand Chapter Congress Travel Fund: The $100 collegiate chapter contribution for spring 2021 were suspended. Note that the now total fund value for the biennium is a maximum of $200 unless chapters make at-will contributions. 
  • Initiation Late Fees: Late fee payments for initiation fees ($25 per initiate) will not be invoiced until 30 days after the initiation (traditionally 14 days). 
  • Overdue Balances: 12% interest charges on balances past due 30 days continue to be suspended. 
As a reminder: National dues will remain at $42.50 per collegiate member for the spring term. The Board previously approved the 2020-21 budget with a dues increase on March 26, but reversed the increase on May 22 to further help chapters during this time.

For a full summary of fees and dues, review the Notice of Fraternity Operations for 2020-21.

WE ARE HERE TO HELP! Chapters needing assistance should contact the Fraternity's accounting department at accounting@dsp.org so we may work with you to sets up a payment strategy that will meet your needs. 

Tags:
  • Fraternity Operations