You are on probation if your overall GPA is below 2.0 or your completion of credits is less than 67%.  During the probation semester, you must complete all of your credits this semester and earn a term GPA of 2.3

As long as you meet these requirements, you will remain on probation until you have achieved the Satisfactory Progress requirements.  For some students, this may take several semesters. 

Even though you are on probation, you will be able to access financial aid, (if you qualify).  AND it will continue as long as you maintain the probation requirements.