Joining a fraternity will lower your GPA but raise your future earnings, according to study

Turns out if you want a better chance at financial stability after you graduate, you should slip on your Sperrys and start sipping the Kool-Aid because being part of Greek life will make you richer.

According to a recently revised study, being part of Greek life boosts future earnings by as much as 36 percent.

Before you get too excited, there is a catch — albeit a small one. While fraternity membership makes you more likely to earn big post-grad, it can have a negative effect on your GPA.

On average, being part of a fraternity "reduces a student’s GPA by approximately 0.25 points on a four-point scale," according to the study. Honestly, it's a small price to pay when you consider the long-term payoff of membership after graduation.

The study was administered in the fall of 2009 and revised in May of 2017. It surveyed over 3,500 college grads, with questions regarding income, employment, collegiate social activities, academic performance and personal characteristics.

When you consider the reach of each fraternity's network, it makes a lot of sense that the connections you make in college should help you land a well-paying job afterward.

Truth be told, if you're going to pay to be part of a fraternity in college, you should be able to milk it for all it's worth once you've made it into the real world.