If you were awarded a Pell Grant, Direct Stafford Loans, Supplemental Educational Opportunity Grant, Federal College Work Study, Michigan Competitive Scholarship Program and/or endowed need based scholarships, you have to meet something called Standards of Progress in order to keep your financial aid.
Please visit the below links to read about how to keep your award:
Repeating Courses
Students may receive federal financial aid to pay for a course that the student is repeating if the student has not previously passed the course.
Satisfactory Academic Progress
Satisfactory Academic Progress is evaluated after each payment period (Fall, Winter, Summer). To be eligible for renewal of financial aid, students must meet certain academic standards.
Withdrawal from Classes
If a student withdraws during his or her period of enrollment, the amount of Title IV financial aid the student has earned up to that point is determined by a specific formula.