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Many individuals describe sorority and fraternity life as a core aspect of their college experience. Though some literature reveals mixed findings on the benefits of these organizations on student-level experiences while enrolled in higher education, other findings indicate that students prize their time in sororities and fraternities long after graduation. We know less about the student-level decision-making process for opting in or opting out of sorority membership, particularly for students who are income-constrained. This longitudinal, qualitative study of 22 women at a private university affiliated with wealth answers that question using focused ethnographic methods. We apply an updated version of Bourdieu’s theory of social capital to understand students’ decision-making and thus understanding sorority and fraternity participation as means for capital transmission.