Final answer:
The statement is false. Students who completely withdraw or fail all classes during their first term of enrollment will not automatically be placed on financial aid suspension.
Step-by-step explanation:
The statement is false. Students who completely withdraw or fail all classes during their first term of enrollment will not automatically be placed on financial aid suspension. However, financial aid eligibility typically requires students to maintain satisfactory academic progress, which means they must meet certain academic requirements to continue receiving aid.