I don’t think the averages tell you much. Most of the merit (and it seems they have included talent and athletic scholarships in with merit) that is lost is from one student losing all his money, not 15 students losing $1000 each. My kids had several grants and it was ‘all or nothing’ when it came to renewing the awards. One did lose her theater $$ because she changed majors, but she did not lose her merit aid from admissions. The other had athletic, merit from the school, and merit from the state, all with different requirements to keep them.
I do know a few kids who lost their Bright Futures, either from low gpa or from taking less than 12 credits (or courses that ‘counted’ for the 12 credits). They received warnings but didn’t fix the problems. Once the awards are gone, they cannot be reinstated.