At Alabama the State owns the land and builds the house with bond money at a super low rate. The Greek house pays the bond off at the state rate but the University owns the land. Sounds a lot like rich welfare to me.
Almost correct. The fraternity leases the land from the university. The fraternity has to have a certain percentage of the cost up front and they pay for the rest with a house payment just like anyone else. The school makes money off these houses.
The cost of being in a fraternity, living in the house and eating on the meal plan is actually more cost effective these days then the cost for living in a dorm or apartment and buying a meal plan from the school.
