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Should I withdraw and lose my scholarships or have a bad GPA and lose my scholarships?

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So here's my story: I'm a first time student who skipped out of 40 or so credits through AP. I got to college, but my AP credits didn't prepare me for all of the upper level coursework I'm taking. Lo and behold, my GPA is looking like it's going to go through the floor. I know it's early, but it's been two months in and it looks like the coursework is only going to get harder. I'm not on federal aid, but I am receiving money from scholarships. I'm pretty sure I won't make the grades to retain the scholarship money for next semester, but I also know dropping full time status (I'm at 12 cr. right now) makes me ineligible for the scholarship money too It seems as if I will not be able to realistically get this money either way, but what should I do? Withdraw from the term, withdraw from the classes I am not doing well in, or stick it out and have a bad GPA? I think I'm going to go to community college next semester instead of the four year university I am currently attending. Also, if I can't renew the scholarship for next semester, would I be able to get it back later on if I meet the requirements? I know scholarships vary, but what is the typical outcome of this situation?

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