Not sure why that would be a Stevens-specific issue. Any scholarship at any college that requires a high college GPA to renew could have this issue. Obviously, how big of an issue depends on the GPA. For top-end scholarships that require a 3.0, it is likely that few students lose them (after all, they had to have been at the top-end of the entering class to get the top-end scholarships). But if the GPA minimum is something like 3.5, that can be more of an issue, since students have to protect their GPAs like pre-meds do.