Many organisations have a notice on their application forms saying that false information will lead to an immediate loss of funding. In some cases the organisation will try to recover money that has already been paid.
Many organistions will give their funding initially for one year. Recipients have to re-apply each year to renew the scholarship. These application dates are advertised so if you miss the deadline, you will probably lose the scholarship.
Many scholarships require students to achieve a minimum grade average, or get a certain amount of credits within a time period. If you don’t know what the academic expectations are, or if you fail to achieve them, you risk losing your funding.
Some students think that, just because their scholarship was approved for a year, they don’t have to make any effort for the renewal application. This sort of sloppiness can end in a lost scholarship.