Your agreement with the University probably states that you, and it, will abide by a certain code of conduct. I would check to see what the school's rules/code of conduct says about academic probation. Once you find out what obligations the school had with respect to giving you notice and an opportunity to get off academic probation, it is difficult to tell whether you have a cause of action.
Answered on Dec 20th, 2011 at 1:10 PM