Sisterhood is forever

Finances


Invoicing

Charges are typically invoiced on the 1st of each month (sometimes they'll be invoiced a day or two later if the 1st is on the weekend). When the charges are invoiced, you will be able to view the invoice as a PDF on GreekBill and will be able to see a breakdown of the charges. Fees are due on the 20th of the month that those charges were invoiced.

Semesterly Dues

New members and sisters pay dues at the beginning of each semester. For sisters, the due dates are usually September 20th for the fall semester and February 20th for the spring semester. There is also the option to be on a three-installment payment plan for no additional fee. One-third of the semester dues will be due on the regular due date as well as the 20th of the next two months.
The new member payment schedule is different from the sister payment schedule. The $35 Fraternity New Member fee is due the week the new member pledges and must be paid online via GreekBill. The remainder of the new member fees are due one week prior to the new member's initiation. There is no payment plan option for new members.

Special Assessments

Occasionally the chapter will do an order of sweatshirts or other Pi Phi paraphernalia that is not part of the semester dues. Sisters who choose to participate in the order will be charged for the item on GreekBill. Sisters must pay the fee on GreekBill before they can pick up their item from the appropriate officer.

Fines

If a fee is not paid on time, the sister will be charged $35 on GreekBill, to be paid by the 20th of the next month.

How to Pay on GreekBill

Go to www.greekbill.com. Hover over the "Account Pages" menu in the top lefthand corner of the main screen and click on "Pay Now". In the "Select Payment Amount" section at the top of this new page choose to pay the current balance (the amount due on the 20th of the current month), the total outstanding balance (the current balance plus any charges that have not been invoiced yet and will be due on the 20th of the next month), or a specific amount of your choice. For charges you can usually just select current balance or total outstanding balance. For special assessment fees you may need to select the "Other" option in order to pay for an item that has not been charged to your account or invoiced yet.

Explanation of Individual Fees

Some fees go directly to our chapter:

  • Chapter Dues: used directly by our chapter (for study breaks, study sessions, recruitment efforts, chapter retreat, and more!)
  • Chapter New Member Dues: a subsidized version of the Chapter Dues for new members; new members pay these instead of Chapter Dues; used directly by our chapter to fund the new member program in addition to other chapter activities and efforts
  • Entertainment and Social: used to pay for fall and spring formals
  • Facility Fee: this fee is only paid by sisters who do not live in the house; a portion of this fee goes toward the budget for furnishing and decorating the house.
  • Room & Board: this fee is only paid by sisters who live in the house; a portion of this fee goes toward the budget for furnishing and decorating the house (The name is misleading. This is simply the term we use to describe the live-in sister version of the Facility Fee. Sisters who live in the house pay MIT directly for their dorm room like students living in any other dorm.)
Some fees go to Pi Beta Phi Headquarters:
  • Fraternity Dues
  • Fraternity Initiation Fee
  • Fraternity New Member Free
  • Insurance: dues pay for liability insurance
  • Senior Alumna Dues: seniors pay this fee during their fall semester
  • Technology Fee: a portion of this fee goes to Headquarters
Some fees go to the Pi Beta Phi Fraternity Housing Corporation (FHC):
  • House Fund Fee: this is a one-time fee paid by new members only; the money is paid to FHC which purchases items for our house each year
  • Facility Fee: this fee is only paid by sisters who do not live in the house; a portion of this fee is paid to FHC to cover operating and accounting expenses
  • Room & Board: this fee is only paid by sisters who live in the house; a portion of this fee is paid to FHC to cover operating and accounting expenses
Some fees go elsewhere:
  • Campus Obligations: paid to the MIT Panhellenic Association
  • Technology Fee: a portion of this fee is paid to GreekBill for its services