Losing

I am a student at ole miss university of Mississippi. I recently got a misdemeanor charge for shoplifting from Walmart. I have the lucky day scholarship and was wondering how this would affect said scholarship.

Similar situation with advice
http://talk.collegeconfidential.com/college-confidential-cafe/1854497-i-may-be-charged-with-a-theft-misdemeanor-can-i-still-get-scholarships-and-go-to-college.html