I think it is consideration, but usually it’s the case at every school and sometimes you just have to take a chance. If you don’t want to go to a school with a 3.5 requirement to retain the scholarship, what is your alternative? Does another school have a 3.0 requirement for the same level of scholarship? Is the 3.0 school not as desirable? That’s the decision you have to make.
My daughter has several scholarships with different requirements, but her other choices had the same or similar requirements, so she wasn’t really giving up anything to take these offers.