The award shall be automatically renewed on an annual basis up to a maximum of 5 years if the student continues to meet all of the eligibility requirements and meet the satisfactory academic progress standards of the institution. The award may not be renewed if the original award was canceled because the recipient took an ineligible number of credits per semester or because of the student’s failure to maintain satisfactory academic progress. A recipient who is academically ineligible shall forfeit the award for 1 academic year. The award may be reinstated, if funds are available, for the following academic year upon proof of meeting the standards of the institution. A student transferring from one institution to another may continue to receive an award as long as the student meets all of the eligibility requirements. A renewal student wishing to continue receiving the award for an advanced degree shall contact the Office of Student Financial Assistance in order to determine if they are eligible for the award. A grant recipient in a workforce shortage field that is removed from the grant program may continue to receive renewal awards under the program.