If the recipient of an award fails to comply with the rules of TSAC with respect to the use of such assistance, fails to attain the minimum level of achievement prescribed for the retention of the assistance, fails to observe the rules, regulations or conditions prescribed or imposed by the institution attended on students, or for any reason is expelled or suspended from the institution attended or is absent without leave, TSAC may, upon evidence, revoke the award, and the person holding the award shall not thereafter be entitled to further payment or benefits.