Will my Tag get rejected?

I TAG to UCSB earlier in September

I currently have a 3.88 GPA and taking 19 units but I am likely to fail one of my pre-reqs - Linear Algebra.
I am planning on retaking it in the spring.
I will have a 3.1 GPA for this fall semester, and a 3.6 over all gpa.

Can my TAG get rejected for this? I am still on path to finish all of the other required pre-reqs and IGETC by spring.