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Home History Officers Newsletters Distinguished Alumni Fundraising News Scholarship Alumni Map Illio Yearbooks B Gold Rose Archive Alumni Zoom Meetings Alpha Chapter University of Illinois BSP National What is Beta Sigma Psi. Beta Sigma Psi is the National Lutheran College Fraternity founded in 1925. The purpose of Beta Sigma Psi is to provide an environment in which the Lutheran college man can grow Spiritually Scholastically and Socially. To that end Beta Sigma Psi undertakes programs to develop Christian leaders and to aid the individual in assuming a satisfying and useful role in society.