(a) Grade Point Average.(1) If receiving a continuation award in fall 2014 or later, a student who is classified as an undergraduate or a graduate, must be meeting the institution's financial aid grade point average requirement;(2) If receiving a continuation award in fall 2014 or later, a student may be allowed to receive an award while holding a grade point average lower than the institution's financial aid academic progress requirements if he or she is granted an exception by the institution under §21.288 of this subchapter (relating to Hardship Provisions).(b) Excess Hours. Unless granted a hardship exception under §21.288 of this subchapter an undergraduate student applying for a continuation exemption in fall 2014 or later and who has completed as of the beginning of the semester or term a number of semester credit hours that is considered to be excessive under Texas Education Code §54.014 may not receive the exemption under this subchapter.