If the minute your grades collapsed you were toss out, then great.
Yup. Attended a private college back in stone age when it was affordable assuming you had a part time job or VA benefits. Required to take minimum of 12 credit hours on the semester system BUT you must graduate in 4 years. Receive less than 2.0 GPA in any semester or fail one course, onto probation you went. Second violation was good bye. This was in the era of earning your letter grade, not pass fail, not everyone gets a trophy.
And actually that would make a college degree meaningful again. Now it means nothing.