"That money is gone, yes," said Shane Broadway, the department's director.
In sum, 4500 students last year lost their scholarships totaling $27 million. Broadway has said the money cannot, by law, be recouped. The department calculates that loss going into the next year.
The department estimates 70 percent of the students who are currently at risk will bounce back. They have until Oct. 1 to get their grades up.
In order to maintain their scholarships, students must have a minimum 2.25 grade point average.
Source: http://arkansasmatters.com/fulltext?nxd_id=565922
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