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For an internship while in college I did some research about programs like the George HOPE scholarships. Somewhere around 50% of freshmen lose their scholarships after their freshmen, but not just for not maintaining grades - not meeting the credit and/or paperwork requirements has been an issue.(*Note: my research was mainly in around 2005, so most of my knowledge is a couple of years old.)
If you google Georgia HOPE results or something to that effect, you'll see that the 50% figure hasn't changed much lately, although they are / have recently raised the standards to receive it.
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Theta Phi Alpha
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