Verified answer

Financial aid/Pell grant will pay for your classes only if you maintain a minimum of 2.0 or 2.5 GPA depending on your school. And you attend at least 60% of class. If you FAIL or WITHDRAW/DROP from any classes while under financial aid, your financial aid will be terminated and you will have to pay for your own classes from there on, including the amount financial aid has already covered.

The deal is that if you don't maintain a high enough GPA (2.0) relative to classes you attempted (which also includes those you Withdrew from or Dropped and Failed), you would likely get put on financial aid probation and have your funding cancelled.